We have yet to come close to the logarithmic channel resistance. Bitcoin is likely to test this resistance level at around $200,000 possibly some time in September - November. (unless for some reason the cycle is disrupted).
A Massive correction around 80% is more than likely to occur once the bull run is completed. Which would bring the price of BTC to around $55,000 - $60,000
And the cycle repeats after that.. Which can potentially lead us to the price of 1 BTC over $1,500,000 BY 2024 - 2025!
For any new Bitcoin investors / traders. There is NOT an easy way to get rich quick. Patience will pay off in the long run! #HODL!❤️
This idea / analysis is fully constructed on Fundamentals of Bitcoin . Please give this a 👍 if this post taught you something new :)
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