BTC - What could trigger the next parabolic run?
Curious what might trigger the next massive FOMO parabolic bull run in bitcoin?
Be curious no longer!
I am not talking about specific news events, because any one of the several major ones we have on the horizon could end up being the catalyst and I am sure the media will find one to "blame" for the price action, so I will leave that to them.
For now I am talking about price action and technicals.
Looking back at history, all we really need to do is break the previous high close on the monthly chart and things go berserk.
Sounds intuitive right?
Well, looking at the charts, it becomes all the more clear.
Check it out:
(Source: https://twitter.com/nebraskangooner/status/1155941465219989504)
Any time bitcoin breaks a previous high (close) on the monthly chart, prices take off.
Awesome, what does that mean for us now?
Specifically, this time around, a monthly close above $13,900 is needed here.
Historically, when bitcoin closes above the previous ATH close, it rises an average of 4,000% over the next 182 days.
Which means...
A conservative valuation, based on previous cycles, would make 1 bitcoin worth over $76,000 during this next euphoric stage.
Math is sure fun isn't it folks?!
Stay informed my friends.
-Doc
Lol. $76,000? That's gonna take a lotta time
According to the trends, about end of 2020 or beginning of 2021 to be precise.
@jrcornel. Lets hope you're right
Yep, lets hope so!
HaHa!! I know one guy who really hopes so more than you :-)
cough...cough...McAfee :-)
Sorry couldn't help it!
Yep, his manhood depends on it!
Can we share the knowledge of Bitcoin together?
Just the nature
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We have history on our side, most likely related to the halvings.
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Thanks.
👌👌👌
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Thanks.
I think that this is wishful thinking, similar to LTC should historically rally before the halving. But its going nowhere.
LTC isn't bitcoin. If you look, ltc is moving at the whims of bitcoin along with the rest of the altcoin market. I would be willing to bet money that btc makes new highs before its halving, in fact I am.
Love the math! Great to see that most of the math from various sources points the same way; higher!
Yep, and those are the conservative numbers...
Simple answer: the next whales manipulation. :)
Luckily they seem to manipulate in cycles. :)
Awesome. Thanks!