I'm a firm believer that history repeats itself, especially in finance. And IF (That is a huge IF) Bitcoin continues to play out like the Dot-com bubble ~1998-2002, then here is a forecast that is based on moves of the Nasdaq from an anchor point of where Bitcoin might be relative to Nasdaq at the time.
Step 1. Draw out a handful of vertical guide-lines to align in scale Bitcoin and Nasdaq prices based on key similarities such as notable dips and peaks.
Step 2. Once scale is established, continue ahead with vertical guide-lines for notable Nasdaq moves.
Step 3. Measure out each move on the Nasdaq chart by percentage and add a corresponding change by percentage on the Bitcoin chart marked by horizontal guide-lines.
Step 4. Connect the dots.
If this is accurate, then we could see further dips to ~$4,800 and ~$4,000 sometime around March 6 and May 17, respectively.
***This information is not financial advice and is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Step 1. Draw out a handful of vertical guide-lines to align in scale Bitcoin and Nasdaq prices based on key similarities such as notable dips and peaks.
Step 2. Once scale is established, continue ahead with vertical guide-lines for notable Nasdaq moves.
Step 3. Measure out each move on the Nasdaq chart by percentage and add a corresponding change by percentage on the Bitcoin chart marked by horizontal guide-lines.
Step 4. Connect the dots.
If this is accurate, then we could see further dips to ~$4,800 and ~$4,000 sometime around March 6 and May 17, respectively.
***This information is not financial advice and is not a recommendation to buy or sell. It is to be used for educational purposes only.***