This is a follow up idea to my previous TA and prediction of 185000 cycle top for this bull run .
In my last TA i go over how 185000 Bitcoin could possibly be the cycle top and today I found two potential different paths leading towards that target.
White Trend Line
The first path is this white trendline, you can see on the chart we have created this very strong support line since October 2020 , if Bitcoin does continue on the trendline we could see a cycle top much sooner than we think.
Cycle Top
July 20th- August 15th 2021
Yellow Curved Trendline
Cycle Top
November 15th - 1st December 2021
But by far the most important find for me has to be this parabolic channel, its a very interesting channel which shows when Bitcoin enters its final phase before the cycle top, the average percentage increase when entering the channel is 169%.
If Bitcoin price increases 169% when entering this parabolic channel that would put a cycle peak at a potential 182000 to 185000.
In my last TA i go over how 185000 Bitcoin could possibly be the cycle top and today I found two potential different paths leading towards that target.
White Trend Line
The first path is this white trendline, you can see on the chart we have created this very strong support line since October 2020 , if Bitcoin does continue on the trendline we could see a cycle top much sooner than we think.
Cycle Top
July 20th- August 15th 2021
Yellow Curved Trendline
Cycle Top
November 15th - 1st December 2021
But by far the most important find for me has to be this parabolic channel, its a very interesting channel which shows when Bitcoin enters its final phase before the cycle top, the average percentage increase when entering the channel is 169%.
If Bitcoin price increases 169% when entering this parabolic channel that would put a cycle peak at a potential 182000 to 185000.
