It is no secret that Bitcoin / BTCUSD has been rising parabolically since day one.
Traders still debate whether it is going to the "moon" or "zero".
Can we at least agree that we are past the Cycle's bottom? This was priced on Fib 0.5 and based on this 1W chart in front of you, every bottom is priced a Fib level higher. Which is logical since the parabolic channel gets narrower.
At the same time every top is priced at a Fib level lower again following the same (narrowing channel) principle. Based on that the next top should be on the -0.178 Fib, i.e. at $120k.
The angle progression on the line from each Cycle's bottom to top seems to be 11 to 13 degrees less than the previous each time. This times the next Top in mid 2025.
Previous chart:
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Traders still debate whether it is going to the "moon" or "zero".
Can we at least agree that we are past the Cycle's bottom? This was priced on Fib 0.5 and based on this 1W chart in front of you, every bottom is priced a Fib level higher. Which is logical since the parabolic channel gets narrower.
At the same time every top is priced at a Fib level lower again following the same (narrowing channel) principle. Based on that the next top should be on the -0.178 Fib, i.e. at $120k.
The angle progression on the line from each Cycle's bottom to top seems to be 11 to 13 degrees less than the previous each time. This times the next Top in mid 2025.
Previous chart:
Follow us, like the idea and leave a comment below!!
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