From this chart alone, it looks like the top may be in. With that being said, this conclusion is not absolute as there are still many other factors that could lead to the continuation of the bull market. IF we have topped, however, one can see that when price drops below the dashed green line, it is best to accumulate as much $BTC as possible before the next rally up. Crossing the dashed red line, $BTC is overbought and profits should start being realized.
Commentaire:
In the past, the angle from the top of the bull market to the bottom of the bear market has been the same. If we have topped, and history rhymes, will this happen again?
Commentaire:
Referring to the past again, the market seems to top either in December-January or April-June. Since there was a possible top in April this time around, it would be likely to assume that the next cycle will top in December-January. If this is true, this would put $BTC at around $140K-$150K at the next cycle top.