First off, congrats on calling the 20k top last bull market. That’s why I follow you.
But here, You’re using the wrong type of curve.
This curve suggests BTC price will continue on a parabolic curve infinitely.
Whereas, I feel it’s a commonly accepted notion that btc’s parabolic rise will decelerate and find a natural top through an asymptotic curve.
Correct me if I’m wrong, and thanks for sharing your charts.
mikenz
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@Rogue7, basic assumption is that we are in a classical adoption S-curve so in the big picture it would start slow, then accelerate incredibly fast and later at the top decelerate, not before and we are on the foot of this curve.
But I freely admit I drawed this, especially the apex of the curve just free hand. So its rather art then a valid weather forecast :). Fallback to 6-7k before the next rise is also still in the cards right now. Its just an idea.
villar.martin
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Let's make it happen again.
Rogue7
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The 1.618 fib extension from the previous bear market ~20k - ~$3200 gives us a circa 60k top. A much more realistic peak for this bull run given the declining acceleration of btc’s parabolic move up. Thoughts?
First off, congrats on calling the 20k top last bull market. That’s why I follow you.
But here, You’re using the wrong type of curve.
This curve suggests BTC price will continue on a parabolic curve infinitely.
Whereas, I feel it’s a commonly accepted notion that btc’s parabolic rise will decelerate and find a natural top through an asymptotic curve.
Correct me if I’m wrong, and thanks for sharing your charts.