The chart speaks for itself. These are the approximate prices and dates I expect them based on the previous cycle. After $20,000 we will quickly rally to the peak of the cycle which I personally think will be $75,000 with the lowest being $12,000 - $15,000 in the next bear market.
Note
It would seem my price lines are slightly off in this, although originally my pink $6,000 line was $8000-$10,000, yellow line was $14,000 - $18,000, blue line was $30,000 and purple was $50,000+. Others influenced me to lower my prices and clearly i should of stuck with my prediction based on history and ignored peoples sentiment at the time.We will go down 5-9 weeks and to a minimum of $5,000 but my original line that i never changed remains my target im confident we hit $3,200
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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.