#Bitcoin #BTC Diminishing returns, Fib EMAs with Multiplier
By applying Fib EMAs with Multiplier, to the Diminishing returns theory:
Cycle 1 Topped at green EMA
Cycle 2 Topped at orange EMA
Cycle 3 (current one):
- Topped at red EMA (64k in April)
- Next Top (realistic scenario, red EMA) is currently at 141k
- Next Top (optimistic scenario, orange EMA) is currently at 152k
- Next Bottom (realistic scenario, blue EMA) is currently at 36k
- Next Bottom (pessimistic scenario, green EMA) is currently at 22k
Cycle 1 Topped at green EMA
Cycle 2 Topped at orange EMA
Cycle 3 (current one):
- Topped at red EMA (64k in April)
- Next Top (realistic scenario, red EMA) is currently at 141k
- Next Top (optimistic scenario, orange EMA) is currently at 152k
- Next Bottom (realistic scenario, blue EMA) is currently at 36k
- Next Bottom (pessimistic scenario, green EMA) is currently at 22k
- As is believed that Bitcoin will trade above 67k ATH this cycle, the values for Next Top and Next Bottom will be higher than the ones written above.