After having successfully completed a Monthly close above the requied $13,100 I expect BTC to play one of two scenarios.
Scenario 1: Given the strength of the 'expanding cycles theory' Btc will spend approximately 16 Months before reaching the top of the next market cycle and concluding the bull market. This would be around April 2022.
Scenario 2: A repeat of the 2016-2017 cycle that lasted from a monthly ATH close, 8 Months. This would be around August 2021.
In both instances we should expect Btc to reach between $150,000 - $250,000 USD.
Scenario 1: Given the strength of the 'expanding cycles theory' Btc will spend approximately 16 Months before reaching the top of the next market cycle and concluding the bull market. This would be around April 2022.
Scenario 2: A repeat of the 2016-2017 cycle that lasted from a monthly ATH close, 8 Months. This would be around August 2021.
In both instances we should expect Btc to reach between $150,000 - $250,000 USD.
Kommentera:
The red bars represent the Halving of supply events.