Following our previous study on how the length of the Bull Cycles can estimate the upcoming Bull Market and set a $100,000 target for Bitcoin, we decided to add the Fibonacci Channels/ Retracement levels and Halving elements for a more complete understanding of the next peak.
The Fibonacci Channels suggest that every time the price enters the -0.5 zone, it is a buy signal.
The Fibonacci Retracement levels show that every time BTC reaches half the Fibonacci extension of the previous price peak (X/2) it makes a new top (all time highs) and enters into a bear cycle, a clear sell signal.
The Halvings (buy signal) show that each time Bitcoin makes a new top for the bull market (all time highs) around +45% of the previous Halving - Peak length.
Combining the above we can reach the conclusion that a price target around $130,000 is even possible at the peak of the next Bull Cycle.
Take a look at our Bull Cycle study below:
A a more analytical perspective on Bitcoin's Halvings, Reward phases and cycles
Roadmap to price stability:
** If you like our free content follow our profile (tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
The Fibonacci Channels suggest that every time the price enters the -0.5 zone, it is a buy signal.
The Fibonacci Retracement levels show that every time BTC reaches half the Fibonacci extension of the previous price peak (X/2) it makes a new top (all time highs) and enters into a bear cycle, a clear sell signal.
The Halvings (buy signal) show that each time Bitcoin makes a new top for the bull market (all time highs) around +45% of the previous Halving - Peak length.
Combining the above we can reach the conclusion that a price target around $130,000 is even possible at the peak of the next Bull Cycle.
Take a look at our Bull Cycle study below:
A a more analytical perspective on Bitcoin's Halvings, Reward phases and cycles
Roadmap to price stability:
** If you like our free content follow our profile (tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
Telegram: t.me/investingscope
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Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.