NEW BITCOIN INVESTORS SHOULD READ THIS!
Bitcoin trends in cycles.
Bull Market (peaked price) -> Bear Market -> Accumulation 🔄
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 :)
Bitcoin trends in cycles.
Bull Market (peaked price) -> Bear Market -> Accumulation 🔄
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 :)
