$250k EOY 2021: a study of price action along the monthly BBs
Hi everyone,
Welcome to another idea on Bitcoin's long-term cycle.
The main observation I realized today was this:
After testing the top of the Monthly Bollinger Bands for the first time, Bitcoin enters a long-term bull-market and keeps hugging the upper band until the end of the parabolic rise to new ATH.
We're at that now, almost exactly like August 2016.
Projecting an identical curve from August 2016 to Dec 2017, we can project the EOY 2021 price of Bitcoin (assuming $BTC will top out there) @ around $250,000.
This is definitely not an accurate price predication - but it is very telling of where we are and the bullish potential that bitcoin has in the coming 2 years.
Cheers,
Leb Crypto
Welcome to another idea on Bitcoin's long-term cycle.
The main observation I realized today was this:
After testing the top of the Monthly Bollinger Bands for the first time, Bitcoin enters a long-term bull-market and keeps hugging the upper band until the end of the parabolic rise to new ATH.
We're at that now, almost exactly like August 2016.
Projecting an identical curve from August 2016 to Dec 2017, we can project the EOY 2021 price of Bitcoin (assuming $BTC will top out there) @ around $250,000.
This is definitely not an accurate price predication - but it is very telling of where we are and the bullish potential that bitcoin has in the coming 2 years.
Cheers,
Leb Crypto