This is a quick fractal analysis on the first 2013 bubble.
It is not to show that I believe that we'll get another rally this year, it could happen, however, I am not sure if this will be a repeat of 2013 or a repeat of the 2014-2015 bearmarket.
This is just to show what it will take to get another rally. It can be clearly seen that 130 USD was a very important key level in 2013. Once it was surpassed, the next rally unfolded with overwhelming force.
I think that this year will be similar. Our line is at 11500-12000. If we manage to break above 12000, I think we might have a good chance for a rally. If it doesn't manage to get above, I see a repeat of 2014-2015 likely.
One thing is certain, BTC will soon have to decide: Rally time or bear-time? It won't be too long now until we'll know :) One should be prepared either way. Never hope for anything with bitcoin, because it can be brutal if you do
and the opposite of what you wish for comes to pass.
It is not to show that I believe that we'll get another rally this year, it could happen, however, I am not sure if this will be a repeat of 2013 or a repeat of the 2014-2015 bearmarket.
This is just to show what it will take to get another rally. It can be clearly seen that 130 USD was a very important key level in 2013. Once it was surpassed, the next rally unfolded with overwhelming force.
I think that this year will be similar. Our line is at 11500-12000. If we manage to break above 12000, I think we might have a good chance for a rally. If it doesn't manage to get above, I see a repeat of 2014-2015 likely.
One thing is certain, BTC will soon have to decide: Rally time or bear-time? It won't be too long now until we'll know :) One should be prepared either way. Never hope for anything with bitcoin, because it can be brutal if you do
and the opposite of what you wish for comes to pass.