BTC/USD 1 Month -- A Long Look Addendum #1
In fairness to the market if the log is never broken then 60-86k by December/January 2021 - for example would be the most bullish prediction on the table.
In log growth specifically you can see the volatility diminishing with time and of course the supply is diminishing. When I look at the long term most bullish possibility it would have to be this & the monthly target of wave (V) close to 1.618 of wave 3 in total span which is where the log fibs converge so say $4-5 million/ 1 bitcoin 2029, which coincidentally I said the highest high would occur based on fibonacci sequence similar to the DOWJ in my last post.
It is important to always look at both sides of the coin...
In log growth specifically you can see the volatility diminishing with time and of course the supply is diminishing. When I look at the long term most bullish possibility it would have to be this & the monthly target of wave (V) close to 1.618 of wave 3 in total span which is where the log fibs converge so say $4-5 million/ 1 bitcoin 2029, which coincidentally I said the highest high would occur based on fibonacci sequence similar to the DOWJ in my last post.
It is important to always look at both sides of the coin...
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