The weekly RSI also needs to cool down like in the previous bear market. I expect around 4k in 2018 and around 50-100k towards 2021.
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note to myself: dotted vertical line is optimal buy-in time after halving before bull-run, but this cycle might be 40% slower than the last one due to the regression
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I have correctly predicted the 2018 bottom at the blue horizontal line at around 4k, a ~82% drop from the top. Btc will now slowly but surely go to a new ATH.
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ATH reached, prediction accurate