Behind this picture is a technical analysis, partly wave analysis, partly a lot of different foundations. If we fit any foundation for such a fivefold market growth, it seems that Bitcoin will strengthen its positions along with the growth of the DXY dollar index. This peak at a round figure of $10 trillion, which so far looks unrealistic, but tempting. I wouldn't draw such a growth if not for the turbulence on the world arena. You also have to understand that market capitalization and liquidity, are different concepts. As it inflates on the news, it will deflate later.
Perhaps things will stretch out and go on a dotted trend. It is also advisable to stay within this channel, not to break it down. If the channel will be broken and we will see fixation below, then with high probability such growth is canceled, it will be necessary to reconsider everything.
Perhaps things will stretch out and go on a dotted trend. It is also advisable to stay within this channel, not to break it down. If the channel will be broken and we will see fixation below, then with high probability such growth is canceled, it will be necessary to reconsider everything.
