Bitcoin (BTC) Blow Off Top Prediction and 85% Retracement

Bitcoin is in a clear parabolic run, as happened in 2014-2015 and 2017-2018. History tells us that Bitcoin will correct heavily from such runs by (on average) 85%. Should this happen then I predict ultimate support to be somwhere around (or under) 10k, at the previous lower end bull market support line. Based on an 85% retracement I suspect that Bitcoin will top out anywhere between $41k to $43.5k (likely a large wick), with sell pressure forcing it down thereafter. This will likely then result in a swift retracement to $20k. A bull trap will then likely form taking us back to $30k, after which the rejection will take us back to the circa $14k support area. Yet another lower high will then be made and we should ultimately reject to around $10k. Thereafter I am expecting massive support and a continuation of the run to new parabolic highs towards the end of this halving cycle. If Bitcoin history teaches us anything the rejection will magically coincide with FUD of some description (like government oversight, a stock market crash, a change in monetary policy or an investigation into $USDT). Euphoria is at an all time high and all bubbles eventually correct. However, if the stock to flow model of PlanB is correct then my prediction will not become realised and we will see a continued push up to $100k, forming a base and a new consolidation pattern at higher highs. I think that this is statistically unlikely though, at this point.

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