BTC Long-Term 🥑 Making Sense of the Cycles

Let's look at Bitcoin on a log-scale plus a logarithmic regression channel.
The most elegant solution to make sense of what has been happening for a decade now, inspired by Youtuber Ben Cowen.

We can see that all market tops & bottoms have so far touches the support and resistance curves.
However, during the current cycle we haven't even come close to the resistance.

A possible way to continue with the familiar pattern would be a double peak cycle similar to 2013.
In this scenario we'd see a consolidation period of about another 6 to 12 months before we go on to new all time highs!
In this stretched out scenario top number 4 could come in at between 300k and 400k, followed by a long consolidation.

Furthermore, if you believe in Bitcoin it can be advantageous to invest in altcoins like Cardano too, since they typically see overproportionate gains compared to BTC.