🚨 URGENT! MUST READ.🚨
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🚨#Bitcoin is about to PUMP to $117K. 🚨
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🚨CYCLE TOP PREDICTION!🚨
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In this post, I'll cover the potential cycle top for #BTC is using historical data and past trends.
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Let me start by giving a brief overview of the fib levels:
Fib retracement levels are horizontal lines indicating potential support and resistance areas, based on key percentages of the prior move. They suggest how much of a previous trend has been retraced and imply the trend may continue.
The most important fib levels while charting for a longer time frame are: 1.272; 1.618; & 2.272
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Now Let's go back to 2013, refer to the first chart attached. By laying down the fib levels from the 2013 cycle peak and the bear market low, we get a 2.272 level of 15k, and in the next cycle (2017), $BTC reached a high of 19.9k, which was a blow-off top target met.
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Now if we lay down the fibs from the 2017 cycle top and the bear market low, we get a 1.618 technical target of 61.7k and in 2021 we reached 64k, which is also a blow-off top target met.
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So judging from this trend, as you guys can see, we are getting a diminishing return with every cycle, so if the same trend continues, we'll see a cycle top of either 96k, which is the 1.272 fib level or 117k, which is the 1.414 fib level.
As I have mentioned earlier, the most important fib below 1.618 is the 1.272 fib level, so we may get a cycle top of 96k. Personally, I'm betting on 117k for this cycle because I'm hoping for a blow-off top end to this cycle as well and with bigger players in the market, i believe we will achieve the 117k ATH for bitcoin this cycle.
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I've also attached a zoomed-in version of all 3 cycles below and have drawn the potential 5 wave count for this cycle.
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Thanks for reading, stay safe.🤝🏻
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AD: If you're interested in learning technical analysis like I do, comment "Teach Me" also mention your email for me to reach you, and I'll personally reach out to guide you on your journey with my one-on-one coaching sessions.
