POTENTIAL BITCOIN LIFECYCLE
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Hello all,
Sharing with you today is a potential long-term view on Bitcoin which should be of great help in making strong long term investment trading decisions.
Considering November 2013 action where Bitcoin achieved a peak of 1116$, this high followed immediately with about 426days (About 1 Year) of bear market which gave out almost 86% drop from the then ATH this drop ended in the month of January 2015.
Then immediately after the achieved low of January 2015, price begin to rally again which break the previous ATH (1116$) and reached a new peak at exactly 1065days (2yrs, 9months) after with 19817$. This peak was achieved in December 2017.
Exactly after the new peak BTC took a massive dip of about 85% again to reach a new bottom within a duration of about 396days (About 1 Year) of Bear market. The drop ended in the month of January 2019 which make the January to be a special month from my research.
After, the achieved bottom of 3081$ in January 2019, Bitcoin price begins to rally for a new ATH again, which break the previous high. This rally so far had taken about 1035days (2yrs, 8months) with a fresh ATH of 69270$. This ATH was achieved in November 2021.
ASSUMPTIONS FROM THE ABOVE
The correction of price From Nov 2013 (Peak) TO Jan 2015(Bottom) = 426days with 87% drops
The correction of price from Dec 2017 (Peak) TO Jan 2019(Bottom) = 396 days with 84% drops
Therefore, Correction from current ATH of 69k is expected to take at most 396days or less. Considering the rate of adoptions of Bitcoin, then the value of the current correction will be lesser to that of previous dip values. Thereby expecting max of 80% drop with price of 13800$.
Potential End of Correction is JANUARY 2023. This means prepare your long term investment for this period.
Next ATH is expected to happen in the next 3years within November to December 2025.
Note: Bitcoin will likely not give out a dip more than 80% drop due to lot of Institutional adoptions.
MORE UPDATES TO FOLLOW SOON!!!
Kindly drop your likes if you find this little write up useful for you.
Sharing with you today is a potential long-term view on Bitcoin which should be of great help in making strong long term investment trading decisions.
Considering November 2013 action where Bitcoin achieved a peak of 1116$, this high followed immediately with about 426days (About 1 Year) of bear market which gave out almost 86% drop from the then ATH this drop ended in the month of January 2015.
Then immediately after the achieved low of January 2015, price begin to rally again which break the previous ATH (1116$) and reached a new peak at exactly 1065days (2yrs, 9months) after with 19817$. This peak was achieved in December 2017.
Exactly after the new peak BTC took a massive dip of about 85% again to reach a new bottom within a duration of about 396days (About 1 Year) of Bear market. The drop ended in the month of January 2019 which make the January to be a special month from my research.
After, the achieved bottom of 3081$ in January 2019, Bitcoin price begins to rally for a new ATH again, which break the previous high. This rally so far had taken about 1035days (2yrs, 8months) with a fresh ATH of 69270$. This ATH was achieved in November 2021.
ASSUMPTIONS FROM THE ABOVE
The correction of price From Nov 2013 (Peak) TO Jan 2015(Bottom) = 426days with 87% drops
The correction of price from Dec 2017 (Peak) TO Jan 2019(Bottom) = 396 days with 84% drops
Therefore, Correction from current ATH of 69k is expected to take at most 396days or less. Considering the rate of adoptions of Bitcoin, then the value of the current correction will be lesser to that of previous dip values. Thereby expecting max of 80% drop with price of 13800$.
Potential End of Correction is JANUARY 2023. This means prepare your long term investment for this period.
Next ATH is expected to happen in the next 3years within November to December 2025.
Note: Bitcoin will likely not give out a dip more than 80% drop due to lot of Institutional adoptions.
MORE UPDATES TO FOLLOW SOON!!!
Kindly drop your likes if you find this little write up useful for you.
Note
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