Following along from the last supercycle there will be a couple more ~30% pullbacks ahead before making a run at the next All Time High at near $250,000. This falls just past the Top Trend Line that has held for the last 2 ATHs in 2013 and 2017.
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We could be inside the #2 pullback area now, which last time bottomed out at the top of the #1 pullback. Currently that would be around $42,000.
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Recent drop in price is still in line with previous pullbacks. I believe we are completing the #2 pullback and a price level to keep an eye for the bottom would be $42-46k. The best is yet to come.
