BTC path to $250 k after 5 months of consolidation
In 2013 bull cycle we had 2 cycle tops. The first top was around the first week of April 2013 and then Bitcoin dipped by 60% , coincidentally this bull cycle as well we had our "First top" of this cycle on the second week of April and now we are 60% lower than the market cycle top.
This white bar pattern shows that this current cycle is emulating the 2013 bull cycle and after the 60% blow off top at April 2013, we went thourgh a consolidation period for 6 months until October and then from there we saw a massive 1000% rally to the second cycle top in less than 2 months. SImilary right now we should assume that the market will consolidate and we will be in the accumulation phase for the next 6 months until October/November. Come the 4th quarter of 2021, I think we will see a major rally to $250,000 target for Bitcoin. ( The 250,000 USD target is based off of the S2F model which I believe is still in play as long as we have 2 cycle tops for this bull run)
P.S - Odin is preparing a feast for us in Valhalla, just hold tight during this rough tide.
Disclaimer - this is not a financial advice.
This white bar pattern shows that this current cycle is emulating the 2013 bull cycle and after the 60% blow off top at April 2013, we went thourgh a consolidation period for 6 months until October and then from there we saw a massive 1000% rally to the second cycle top in less than 2 months. SImilary right now we should assume that the market will consolidate and we will be in the accumulation phase for the next 6 months until October/November. Come the 4th quarter of 2021, I think we will see a major rally to $250,000 target for Bitcoin. ( The 250,000 USD target is based off of the S2F model which I believe is still in play as long as we have 2 cycle tops for this bull run)
P.S - Odin is preparing a feast for us in Valhalla, just hold tight during this rough tide.
Disclaimer - this is not a financial advice.
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