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BITCOIN and the cycle that will take us to 300k πŸ‘€πŸ”₯πŸš€ for BITSTAMP:BTCUSD by GustavoCorrea1

Hello friends from Trading View!

Today I bring a study about the BITCOIN cycle:

πŸ‘‰πŸΌNote that the asset has been in a bullish channel since 2013, respecting tops and bottoms.

πŸ‘‰πŸΌNote that it is possible to see 2 very similar cycles.

The first cycle lasted 49 months from top to top.

πŸ‘‰πŸΌThe second cycle appears to be 80% complete. A curiosity is that we will close 49 months in January 2022.

πŸ‘‰πŸΌEMA 21

See the graph for EMA 21 in the first cycle. After the price finds the bottom of the channel, the price breaks the EMA the following month and does not return below it until it touches the top of the channel.

Note that the same pattern repeats in the second cycle.

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Final consideration:

In view of this study, I am very optimistic about the future of BTC . If the study of these cycles is correct, we will have, in the not-too-distant future, the price reaching 300,000$

And what do you think of this possibility? Does it make sense to you?

Comment below and let’s follow this analysis together!

I hope I helped in some way.

Leave your like please and comment your opinion!

πŸ‘‰πŸΌIf you want to talk to me, send an inbox message, or click on the footer of this post!

⚠️Disclaimer: The above comments reflect solely my opinion, this is not a buy or sell recommendation. Just a series of published studies, so that together with the community we can discuss operational tactics and techniques.

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