Bitcoin - A weekly view
Good morning my fellow Bitcoinistas! I'm sharing my weekly chart to see how close the Bitcoin price follows the past 4 year trends. So far it looks very probable that Bitcoin will top out once touching the upper red average lines some time in early to mid 2022. If the trend continues the price should then bottom out about a year after this peek which would be a great time to accumulate again. Of course if Bitcoin enters into a "Super Cycle" this go round then all bets are off. The next stop would be the moon. :0)
So basically if this chart works long term then profits should be taken at the upper bounds and new accumulation should happen at the lower bounds.
I hope this chart finds you well.
Cheers!
BBS Out.
So basically if this chart works long term then profits should be taken at the upper bounds and new accumulation should happen at the lower bounds.
I hope this chart finds you well.
Cheers!
BBS Out.
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