[UPDATE BTC] Nobody is talking about this Bitcoin Chart! [PT.3]

Atualizado
Here I am with a quick update to my previous analysis:

With this analysis, I'm comparing the Bitcoin STANDARD LOG GROWTH CHART (above) with the Bitcoin / M1 SUPPLY and the Bitcoin / M2 supply charts (below)

Thesis:
- The BTC price didn't increase as we think.
- The BTC price will increase x5 from now.

Introduction:
During the pandemic period, M1 and M2 grew exponentially. It's important to highlight this macroeconomic pump and adjusts the crypto market price accordingly.

Data:
- if we consider the M1 supply, we are still below the all-time high of the 2017 BTC cycle (see the M1 chart)
- if we consider the M2 supply, we re-tested and bounced back from the all-time high of the 2017 BTC cycle (see the M2 chart)

Therefore, the BTC price did not increase as we think.

Forecast:
First of all, we are experiencing great support and a confluence of indicators and lines. We are in a super good position right now.
- Scenario 1 (orange): we gradually go up and we reach approx. 88k$ at the end of Sept 2021. Then we go back to the re-test the 50-60k ranges until the end of the year. BTC reaches the top in the middle of 2022: 180k$-200k$. These prices are perfectly in line with a lot of resistances and the timeline matches the log growth.
- Scenario 2 (violet): we go up and down and we don't surpass the 48-50k$ prices until the end of Nov 2021. From the Dec 2021, we skyrocket. BTC reaches the top in the middle of 2022: 180k$-200k$. These prices are perfectly in line with a lot of resistances and the timeline matches the log growth.

Therefore, the BTC price did not increase as we think.

What do you guys think?
Nota
here the video
Bitcoin (Cryptocurrency)bitcoinanalysisbitcoindailybitcoinforecastBTCBTCUSDBTCUSDTBullish PatternsChart PatternsTechnical IndicatorsTrend Analysiswyckoff

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