1 Million? We'll be lucky if we get to 200k...
According to fundamentals Bitcoin will become the only monetary and currency system.
According to the chart, it will not. Still a great way to become a multimillionaire though.
If you want to know how I calculated retracements, I couldn't really find a mathematical pattern. I only noticed that this time (considering 3100 the bottom) and in the last bear market, the price bottomed at the resistance before the big final bubble pump. in this way we can see that the price becomes less and less volatile: every peak is percentage-wise 4.8 times smaller than the latter, and every correction is smaller in percentage (87%, 84%, 60%, 40%...).
We'll see if this time reality will bend to the chart pattern, or the chart pattern will rule over reality.
According to the chart, it will not. Still a great way to become a multimillionaire though.
If you want to know how I calculated retracements, I couldn't really find a mathematical pattern. I only noticed that this time (considering 3100 the bottom) and in the last bear market, the price bottomed at the resistance before the big final bubble pump. in this way we can see that the price becomes less and less volatile: every peak is percentage-wise 4.8 times smaller than the latter, and every correction is smaller in percentage (87%, 84%, 60%, 40%...).
We'll see if this time reality will bend to the chart pattern, or the chart pattern will rule over reality.
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