The price of BTC is following a logarithmic trend, that's absolutely not new. If you look to the graph and you zoom in you can identify clearly 3 phases. If you take a good look at the patterns within the phases you notice that on a weekly basis we are following exactly the same price patterns within each phase. Its remarkable! The only difference is the time at takes to conduct the "mini" patterns within each phase. If I linear extrapolate the pattern of the first cycle you will see that the current price line (between 30-45k$) will remain for quite some time and than we will see a price increase again up to 650k$ end of 2025. Again all under the assumption that the time-scale can be linear extrapolated (I expect this is correct).
5 minutes ago
The OBV is a good indicator on the weekly scale to see if we are at the end of the cycle. Clearly we are not at the end of the long cycle. However Beginning of '23 we are back in new ATH.
5 minutes ago
The OBV is a good indicator on the weekly scale to see if we are at the end of the cycle. Clearly we are not at the end of the long cycle. However Beginning of '23 we are back in new ATH.