This might be going out of the box a bit and are just mere speculative observations and thoughts I think are truly worth noting with the data that the bitcoin macro charts are showing.
Included
Monthly logarithmic, CCI and Macd
Vertical line halving event dates
Logarithmic progression line curve touching peaks
Cycle curve previous peak to peak (note this can be adjusted to the november ATH price peak but I chose to go by the macd indicator and the curve parabola, will make another chart to compare to see which actually plays out future wise)
Observations
Angle degree of the parabola after halving decreases
Parabola after halving shortening time lengths
Percentage in depth of curves diminish over time line
Obvious higher price
This cycles bear cycle fractal more similar to 2015 bottom structure along with macd indicator
Thoughts
We are watching a computer program due exactly what it was programmed to do
Bitcoins miner and hash rate increasing is shortening the cycles over time where eventually price will smooth out and be less volatile
Bitcoins super exagerated future price expectations will not manifest due to money flowing into all the other blockchain projects available so in a sense its supply and demand scarcity is comprimised
This particular chart idea shows bitcoin projected price possibility of $80k between may/june 2024
Included
Monthly logarithmic, CCI and Macd
Vertical line halving event dates
Logarithmic progression line curve touching peaks
Cycle curve previous peak to peak (note this can be adjusted to the november ATH price peak but I chose to go by the macd indicator and the curve parabola, will make another chart to compare to see which actually plays out future wise)
Observations
Angle degree of the parabola after halving decreases
Parabola after halving shortening time lengths
Percentage in depth of curves diminish over time line
Obvious higher price
This cycles bear cycle fractal more similar to 2015 bottom structure along with macd indicator
Thoughts
We are watching a computer program due exactly what it was programmed to do
Bitcoins miner and hash rate increasing is shortening the cycles over time where eventually price will smooth out and be less volatile
Bitcoins super exagerated future price expectations will not manifest due to money flowing into all the other blockchain projects available so in a sense its supply and demand scarcity is comprimised
This particular chart idea shows bitcoin projected price possibility of $80k between may/june 2024
Comment:
A good indicator and confirmation bitcoin is at the bottom of the bear market when you have 4 stable coins among the top 10 cryptos
Comment:
btc holding within the curve so far and appears to be attempting a break out of its over a year downtrend
Comment:
Diminishing returns
Dec 2013-2017 1k to 20k 20X
Dec 2017-2021 20k to 70k 3.5X
Nov 2021-2025 ? Chart observation shows possibility of 72k price range between june/aug 2024 to estimated speculative high range price of $122,500 K for next ATH cycle peak with a 1.75X return
when new data becomes available, adjustments will and can be made for more accurate price and timeline will be able to be determined using the charts indicators
Dec 2013-2017 1k to 20k 20X
Dec 2017-2021 20k to 70k 3.5X
Nov 2021-2025 ? Chart observation shows possibility of 72k price range between june/aug 2024 to estimated speculative high range price of $122,500 K for next ATH cycle peak with a 1.75X return
when new data becomes available, adjustments will and can be made for more accurate price and timeline will be able to be determined using the charts indicators
Comment:
Follow the curve! june to august 2024 price range of 69-72K still remains valid estimate
Comment:
Price target hit early possibly due to ETF, halving supply & demand FOMO all of the above lol ride the bull! not the $#!*