BitcoinPembelian
BTCUSD Can it repeat Nikkei's 80s mania phase?
This is of course a highly speculative but fun chart between Bitcoin / BTCUSD and Nikkei.
As you can see Bitcoin has been following Nikkei's post 1950 parabolic curve up to the point that it tested the 1month MA50 and rebounded aggressively to cross above the curve.
That was Nikkei's 80s Mania Phase that inflated the economic Bubble that burst emphatically and caused hyperinflation, not allowing Japan to recover up to this date.
Bitcoin is based on that comparison on a similar pre-breakout situation.
If it does break above the parabolic curve, which will mean a new narrative for Bitcoin with industry wide adoption and commerce use, we should be seeing (again based on this Nikkei comparison) an extension to the 10 Fibonacci level.
Previous chart:
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As you can see Bitcoin has been following Nikkei's post 1950 parabolic curve up to the point that it tested the 1month MA50 and rebounded aggressively to cross above the curve.
That was Nikkei's 80s Mania Phase that inflated the economic Bubble that burst emphatically and caused hyperinflation, not allowing Japan to recover up to this date.
Bitcoin is based on that comparison on a similar pre-breakout situation.
If it does break above the parabolic curve, which will mean a new narrative for Bitcoin with industry wide adoption and commerce use, we should be seeing (again based on this Nikkei comparison) an extension to the 10 Fibonacci level.
Previous chart:
Follow us, like the idea and leave a comment below!!
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