Amidst Bitcoin's daily decline, I've created a rain-making sheet. This is entirely based on my subjective data. (It's highly likely to be inaccurate, so please consider it for fun.) The bear cycle is defined as a 365-day period, with a downward breakout at 300 days. Based on this standard, the end date is approximately September 4th of this year. The bear cycle has 202 days remaining (32% progress). If the downward trend continues for 300 days, following the A and B peaks, the final bottom will be $33,600. (This could change if the price breaks during the decline and B peaks rise.) Currently, Bitcoin is -47% from its high and 96% from its expected bottom. If you buy Bitcoin today and reach ATH in the next bull market, your return will be 90%.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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