The Path Ahead - Based on What We Did Before
Past performance doesn't necessarily predict future results, but the Bitcoin monthly chart is showing us a very clear pattern based on the previous two bull markets and telling how this one could POTENTIALLY play out.
1. The YELLOW ARROWS correspond to the same point in the monthly RSI as where we are right now.
2. The BLUE VERTICAL LINES correspond with our bull market peaks - with each bull cycle peak painting a double-top and bearishly diverging pattern on the monthly RSI, with the RSI ending up at the same exact spot in all four tops: 96.5.
As you can see, each time at this point in the monthly RSI we were 8 months away from our bull market top and 1 to 3 months away from the first peak. The first peak brings a 50% drop that gets bought up very quickly before we proceed to our blow-off top.
If we are going to follow the same pattern, we would hit our first peak some time in late February somewhere around 50K (BLUE SQUARE), then quickly drop 50% to the
25K area, then continue on to our blow-off top (RED STAR) at somewhere around 165K next August.
1. The YELLOW ARROWS correspond to the same point in the monthly RSI as where we are right now.
2. The BLUE VERTICAL LINES correspond with our bull market peaks - with each bull cycle peak painting a double-top and bearishly diverging pattern on the monthly RSI, with the RSI ending up at the same exact spot in all four tops: 96.5.
As you can see, each time at this point in the monthly RSI we were 8 months away from our bull market top and 1 to 3 months away from the first peak. The first peak brings a 50% drop that gets bought up very quickly before we proceed to our blow-off top.
If we are going to follow the same pattern, we would hit our first peak some time in late February somewhere around 50K (BLUE SQUARE), then quickly drop 50% to the
25K area, then continue on to our blow-off top (RED STAR) at somewhere around 165K next August. 
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