Here's a chart of my cycle projection of bitcoin. I think it's likely that we find support in the $62k region over the next couple of weeks and then continue the bull run up to $129k-$137k.
In terms of gains from here, I think BTC is only a ~2x, however, I think we're going to see our biggest altcoin run since bitcoin's inception.
After we hit the top $134k-160k, I think we'll make a very large correction back down to the $20-30k region (supports on the chart) before the next long term cycle begins.
This is the final wave of the first cycle of bitcoin.
Lots of money to be made.
In terms of gains from here, I think BTC is only a ~2x, however, I think we're going to see our biggest altcoin run since bitcoin's inception.
After we hit the top $134k-160k, I think we'll make a very large correction back down to the $20-30k region (supports on the chart) before the next long term cycle begins.
This is the final wave of the first cycle of bitcoin.
Lots of money to be made.
Note
Made a mistake and two minutes past the ability to edit. Meant to say **then continue the bull run up to $134k-$160k.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.