My take on BitCoin price prediction possibilities
Take it with a grain of Coffee folks.
This is just my way of looking at BTC and it might be deadly wrong, but its worth sharing from many factors.
I took to place my analysis on many inputs including the following:
1) Historical BTC price action
2) Elliot wave with respect to the monthly chart
3) Peaks % and taking into consideration the % of ROI is becoming less and less with time
4) Fib Extensions in Log that indicates a repetitive peaks across the previous two cycles around certain level
Lastly taking into consideration Social media fixation toward BTC ending below 100K which usually the market would love to screw with margin traders and break expectation, also the correlation between the crypto market and the Stock market especially Dow Jones and Nasdaq which I believe they aren't finished yet from marching up although they are near ending.
Timing it is nearly impossible from the perspective of present and not depending on history of BTC but if history repeat itself then the end is really close folks, although there is this possibility of time shift extension to the cycle that plays in my mind due to many factors including Covid 19 and regulation halting the natural behavior of the cycle.
If there is one true news event, it is the regulation which is happening and real thing along with maturity of the crypto companies and adaptation on the institution level.
This is just my way of looking at BTC and it might be deadly wrong, but its worth sharing from many factors.
I took to place my analysis on many inputs including the following:
1) Historical BTC price action
2) Elliot wave with respect to the monthly chart
3) Peaks % and taking into consideration the % of ROI is becoming less and less with time
4) Fib Extensions in Log that indicates a repetitive peaks across the previous two cycles around certain level
Lastly taking into consideration Social media fixation toward BTC ending below 100K which usually the market would love to screw with margin traders and break expectation, also the correlation between the crypto market and the Stock market especially Dow Jones and Nasdaq which I believe they aren't finished yet from marching up although they are near ending.
Timing it is nearly impossible from the perspective of present and not depending on history of BTC but if history repeat itself then the end is really close folks, although there is this possibility of time shift extension to the cycle that plays in my mind due to many factors including Covid 19 and regulation halting the natural behavior of the cycle.
If there is one true news event, it is the regulation which is happening and real thing along with maturity of the crypto companies and adaptation on the institution level.
Aviso legal
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