MillionaireEconomics

BTC 1W Log Chart Bull Market Comparison

BITSTAMP:BTCUSD   Bitcoin
Bitcoin current bull market cycle comparison with the prior bull market in 2017 shows very strong similarities. I put together a log scale parallel channel along with taking the 2017 fractal into current price. It seems that there may be a short term dip coming with a parabolic move coming right after. The current cycle seems to be extended so we may not get an all time high BTC until January-February 2022 based on this chart.

These are all ideas and assumptions. But who wouldn't want a $284K+ BTC in 2022!

What are your opinions on this? Comment below, hit the like and follow me. Thank you!

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Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins

I chart on Tradingview: www.tradingview.com/symbols/BTCUSD/?aff_id=25106

I hold crypto on Ledger Hardware: shop.ledger.com/?r=9f683f228f19

I find value in the data from LuxAlgo:
www.luxalgo.com/pricing?rfsn=6252565.5f61bd
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