Bitcoin has always moved in a cyclical, fractal way and this is a simple extrapolation of said fractal behavior. Macroeconomic factors and global politics are driving people towards an asset independent of central bank control.
big bully divergence presenting on this timeframe. Likely will see a return to the trendline shown and a push above given we do not have a huge macro downtrend in tradfi.
$KMD has several large improvements coming by EOY and should be a catalyst for a move upward. Anticipating bitcoin and the majority of other alts to top in DEC/JAN. Komodo will likely have a delayed impulse up, after the other blue chip alts/bitcoin have cooled off.
Komodo $KMD is proving to be a resilient "Dino Alt" that has lots of big catalysts coming (not fully public just yet)
Bitcoin fractal from 2019 may be in play here - I don't think we see a steep descent like in 2017.
Breakout of longterm downtrend against BTC. Also looking good on USD. Depends a lot on how BTC does, but easily 4x - 12x in BTC value. 10x - 20x+ in USD value. Integration with BSC AtomicDEX picking up steam Lookin good for the Komodo Ecosystem
BTC stuck in a channel between 51k - 61k will cause investors to flee to something with more volatility, i.e. alts. Several alts will lead the way (ETH / LTC / SOL / etc) Then BTC clears takeoff for 160k by June
btc fractal from 2017 matched up with current PA -$200,000+
This is just the beginning of the next bull run which will likely end around 2nd half of 2022 or early 2023
This is just the beginning of the next bull run which will likely end around 2nd half of 2022 or early 2023
Expecting a continued downturn in traditional markets over the next few months, foreclosures will lead to banks struggling which may lead to another round of bailouts. QE + Deflationary bailouts will lead to devaluing of the dollar. Simultaneously, Bitcoin COINBASE:BTCUSD is becoming more scarce. People will seek out alternatives to their government issued...