The Fibonacci Channels suggest that every time the price enters the -0.5 zone, it is a buy signal.
The levels show that every time reaches half the of the previous price peak (X/2) it makes a new top (all time highs) and enters into a bear cycle, a clear sell signal.
The Halvings (buy signal) show that each time makes a new top for the bull market (all time highs) around +45% of the previous Halving – Peak length.
Combining the above we can reach the conclusion that a price target around $130,000 is even possible at the peak of the next Bull Cycle.
Take a look at our Bull Cycle study below:
A a more analytical perspective on bitcoin’s Halvings, Reward phases and cycles
.png’ src=’/static/images/svg/idea-image-placeholder.svg’ alt=’bitcoin: Roadmap to the next Halving. Reward phases and cycles.’ class=”js-image-lazy-load”>
Comments and likes are greatly appreciated.
Published at Sat, 23 Mar 2019 11:16:13 +0000
