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Could Bitcoin be worth $600,000?ðŸ˜ą

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Hello, friends!ðŸŦķ Could Bitcoin be worth $600,000?ðŸ˜ą

🧐Today, let's take a look at the weekly logarithmic chart of Bitcoin and try to identify similarities and patterns in its movement to discuss the future price development.

https://www.tradingview.com/x/mlNkQ5jz/

I've highlighted support levels with green ðŸŸĒ lines (looking at the overall chart, these levels represented accumulation zones for future growth), and resistance levels with red ðŸ”ī lines (where bullish trends typically ended).

ðŸ’Ą Pay attention! The lower support line was touched twice in 2015-2016, and the next time this happened was in 2023-2024! Looking at the chart, it strongly resembles an accumulation zone!🔋

Could there be a longer cycle?ðŸĪĐ Let's say, not a 4-year cycle (from halving to halving), but a cycle lasting 10 years? Could Bitcoin be worth $600,000?ðŸ˜ą

I'm so interested to hear your opinions and expectations for the upcoming halving and the following year.😏

The world situation is worrisome and doesn't inspire optimism.😔 But if we remember the times of the coronavirus pandemic, then similar sentiments prevailed.ðŸĪŠ

What are your expectations? Let's discuss!😇

Thanks for Your attention!

Sincerely yours, Kateryna💙💛
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Awesome movement
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