Considering both fundamental and technical data one can conclude the following macro results:
1) the first phase after the recent bitcoin halving has most likely came to an end after an impressive bull run (institutional silent fomo)
2) at this point a correction is not only expected but signifies a healthy price action and a relax before the second bull run of the current cycle. I expect this correction to take place during January or February the latest.
3) Upper sloping logarithmic trendline predicts a final ATH of the current cycle at around 250,000 USD. Most likely it will happen during the summer of 2021 after the expected retail fomo
Don't miss the train and don't panic in a potential 20%-40% drop the following days-weeks.
2021 will be an amazing year for BTC and the crypto space in general.
1) the first phase after the recent bitcoin halving has most likely came to an end after an impressive bull run (institutional silent fomo)
2) at this point a correction is not only expected but signifies a healthy price action and a relax before the second bull run of the current cycle. I expect this correction to take place during January or February the latest.
3) Upper sloping logarithmic trendline predicts a final ATH of the current cycle at around 250,000 USD. Most likely it will happen during the summer of 2021 after the expected retail fomo
Don't miss the train and don't panic in a potential 20%-40% drop the following days-weeks.
2021 will be an amazing year for BTC and the crypto space in general.