Based on decline in percentage increases across the past 12 years or so, BTC is actually showing to be at the top of where it can go. This part is scary.
2012-2014 = around 50,000%
2015-2017 = around 10000% (one fifth of increase during previous cycle)
2018-2021 = around 2000% (one fifth of increase during previous cycle)
2022-2024 = around 375% (almost one fifth). 80k would be the top in that case if we take 400%.
And this is the part where it gets trickier.
BTC does not fall down but stays there within the red and green bands.
But we have ETH take over BTC. Institutional money starts to shift from BTC to ETH. Just a theory. ETH goes parabolic and becomes the dominant coin. BTC retains legacy status.
No trading advice, just observation....
2012-2014 = around 50,000%
2015-2017 = around 10000% (one fifth of increase during previous cycle)
2018-2021 = around 2000% (one fifth of increase during previous cycle)
2022-2024 = around 375% (almost one fifth). 80k would be the top in that case if we take 400%.
And this is the part where it gets trickier.
BTC does not fall down but stays there within the red and green bands.
But we have ETH take over BTC. Institutional money starts to shift from BTC to ETH. Just a theory. ETH goes parabolic and becomes the dominant coin. BTC retains legacy status.
No trading advice, just observation....