A long term Bitcoin price analysis, supported by many factors.

9 авг. 2021 г.

Hey there,

I have been properly practicing TA for 3-4 months. I have learned many things since then, including basic Elliot Wave theory, fibonacci, common patterns and the use of indicators.

I have found multiple simularities among the 2013, 2017 and 2021 markets. Once I had seen these, I felt like I had to show this to everyone, as a warning or as hope.

Some major events within these dates, coincide massively with the past few weeks of price movement.

The chart as currently show, would indicate that once we finally start to drop, after seeing such a major increase of price, so suddenly. We could potentially drop to around, 15k by March 2022. This would then be the bottom of the bear period. Somewhere around the start of July, a new bull market will approach. With the final price target possibly being 290k by August 2024. Take the exact prices and dates with a grain of salt, but the headlines of this post should be taken seriously.

This is not financial advice, just a heads-up.

Thank you for reading my post,
Psychil.