BTC - What could trigger the next parabolic run?

in #bitcoin • 5 years ago

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: ~~~ embed:1155941465219989504) twitter metadata:bmVicmFza2FuZ29vbmVyfHxodHRwczovL3R3aXR0ZXIuY29tL25lYnJhc2thbmdvb25lci9zdGF0dXMvMTE1NTk0MTQ2NTIxOTk4OTUwNCl8 ~~~

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

#crypto #busy #palnet #steemleo
5 years ago in #bitcoin by
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     5 years ago  

    Lol. $76,000? That's gonna take a lotta time

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     5 years ago  

    According to the trends, about end of 2020 or beginning of 2021 to be precise.

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     5 years ago  

    @jrcornel. Lets hope you're right

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     5 years ago  

    Can we share the knowledge of Bitcoin together?

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     5 years ago (edited) 

    I think that this is wishful thinking, similar to LTC should historically rally before the halving. But its going nowhere.

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       5 years ago  

      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.

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       5 years ago  

      Love the math! Great to see that most of the math from various sources points the same way; higher!

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         5 years ago  

        Simple answer: the next whales manipulation. :)

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           5 years ago  
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