Uptrend of previous cycle was as follows:
(1) Follow the 1800-3000-2400 move making the dip of 2400 at Fibo 50.0.
(2) Taking the Fibo extension of this, bitcoin price first spiked to 4200 level ~Fibo 1.618.
(3) After consolidation, the final peak of 5000 was somewhere between 1.618 and 2.618.
If this Fibo pattern to repeat:
(1) 3000-4150-3550 confirms Fibo 50.0 retracement. (OK)
(2) Now moving towards 1.618 level around ~5400. (Continues…)
(3) Then pattern shows consolidation and final spike to ~6000.
Unicorn shall fly again…
(1) Follow the 1800-3000-2400 move making the dip of 2400 at Fibo 50.0.
(2) Taking the Fibo extension of this, bitcoin price first spiked to 4200 level ~Fibo 1.618.
(3) After consolidation, the final peak of 5000 was somewhere between 1.618 and 2.618.
If this Fibo pattern to repeat:
(1) 3000-4150-3550 confirms Fibo 50.0 retracement. (OK)
(2) Now moving towards 1.618 level around ~5400. (Continues…)
(3) Then pattern shows consolidation and final spike to ~6000.
Unicorn shall fly again…