ðĨ Bitcoin Following 2019 Golden Cross: Best Case Scenario ð
A couple of days ago I made an analysis on Bitcoin where I compared the 2023 Golden Cross with the 2019 Golden Cross. I wrote that we saw a ~12% correction in 2019 right after the Golden Cross occurred, and argued that we could be seeing a massive pump in case we followed the 2019 fractal. So far, so good!
Seeing that we corrected roughly the same amount, we could also pump the same amount. If Bitcoin were to increase by ~179% from the swing low, it would bring us to a price of around $60,000 over the coming months.
Note that this is my absolute best case scenario. I believe that there's still more gains to come from this point, but doubt we're actually going to see $60,000 this year, let alone in the next few months. Reasons being the overall macro environment and Bitcoin's diminishing returns over time.
But still, a man can dream.
Seeing that we corrected roughly the same amount, we could also pump the same amount. If Bitcoin were to increase by ~179% from the swing low, it would bring us to a price of around $60,000 over the coming months.
Note that this is my absolute best case scenario. I believe that there's still more gains to come from this point, but doubt we're actually going to see $60,000 this year, let alone in the next few months. Reasons being the overall macro environment and Bitcoin's diminishing returns over time.
But still, a man can dream.
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