Bitcoin to 6k by September

27 févr. 2019

4 year cycle nearing completion. 2 months ahead of schedule.

1 mars 2019

Note

Bitcoin continues to follow a slightly accelerated version of the 2014 to 2018 cycle.

Weekly RSI bottomed Dec 2018 with 2 downward difficulty adjustments of the bitcoin mining network.

This is near-identical to the prior BOOM-BUST pattern where RSI bottomed in Jan 2015 and the Bitcoin mining network had a downward difficulty adjustment in May of 2015.

RSI bottoms are 1 month earlier than prior pattern and the downward difficulty adjustments are almost 6 months ahead of schedule.

Expect to be above 6k by September 2019 at the latest (in the absence of any major news like an ETF which would accelerate things.)

15 avr. 2019

Note

Golden cross in approx 10 days. Still on target!