Via TradingView Ideas
ATH prediction for this bull cycle: a Btc at $340k?
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
lolopech
- Each cycle (bullrun + bear market) makes a bullflag. So we can basically determine the target of the flag (orange arrows).
- So the cycle of 2014 (cycle 1) gave a target of $64 k, and this target has been hit during the cycle 3 (2021). On the monthly closing.
- What is interesting is that we needed 2 cycles to hit the target.
- If this pattern does the same thing, we can predict an ATH for this cycle (#4) with the bullflag #2. And the target is $340 k for Btc.
- An interesting is that, for the next bullrun (#5, 2028-2029), the target of the ATH is $270 k only (grey arrow)... This could be the first time the previous ATH won't be broken.
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