The bottom floor trend line (holding since 2014) says a millie may not happen until the next cycle, but all those newer trend lines we’ve been establishing in this bull market point to one thing: A Millie by this time next year.
You can see the purple support line since last oct @ 10k has been solid, and not retested since feb. bitcoin seems to always be establishing newer trend lines with steeper slopes in its bull markets - resulting in the parabolic movements and blow off tops, which we’ll probably see in Q3-Q4.
You can see the purple support line since last oct @ 10k has been solid, and not retested since feb. bitcoin seems to always be establishing newer trend lines with steeper slopes in its bull markets - resulting in the parabolic movements and blow off tops, which we’ll probably see in Q3-Q4.