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Timestamps:
0:00 Intro
0:41 Monthly Chart
0:50 2010
1:53 Percentage gain
1:57 5.3 Theory
2:12 Market top
3:05 20k top
3:07 3,000
5:33 $79,000
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WARNING: Bitcoin Will NOT REACH 100K In This Market Cycle
#bitcoin
24 Comments
You unique out of millions. Thank you for great work!.
In every cycle halving effect getting lover. So your calculation and logic is parallel with that effect. Does it mean that in order to get rich, we have to choose true altcoins:)..Because BTC will not give as much as before. Could you make an also video for the alts that you can suggest at the bullrun..thanks a lot.
Hey Steve, I wonder if this formula also applies to Ethereum and major altcoins
Thanks for your balance viw point !!! ..please do an ethereum analysys !!
So STEVE, does this 5.3 theory mean that we can expect an ATH at the end of this bullrun right? And like some people before already mentioned : that BTC is to "dry up" after this cycle…? Because that is the logical conclusion imo.
in my opinion it will go between 105-120k$ in the next cycle, but 160k$ also reasonable price for the next cycle.
Every time you think you found a key to the markets, markets change the lock.
Thanks Steve. Hard pill to swallow. Still way better than a mutual fund. Lets go 79,000.
When can we expect for bitcoin to reach the next cycle top?
79k high for this market cycle
Sounds good to me! haha
This is a fascinating analysis. Great work Steve. Do you expect this pattern to continue for the entire life of bitcoin?
That’s my burning question to you. Thanks.
Interesting
Could this break because of the decacycle?
This is the 11 year Bitcoin resistance. It was twitted by MMCrypto back in April 22.
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multimillionaires.I pray that anyone who reads this will be successful in life🌈🌈🌈
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multimillionaires.I pray that anyone who reads this will be successful in life
the the monthly Elliot wave chart projection is $79349 sorry cant seem to post the chart but it lines up
Then it will go sideways for a decade.
The theory makes sense until a certain point but not on a long term scale., that is why theories breaks at some point and therefore, this should not be taken too serious until proven right. My target is somewhere between 80 – 130k next bull which still looks pretty conservative to me.
Awesome video, thanks Steve. I wonder if there is an equivalent rule governing (so far) the bears that follow each market cycle top (ie a ratio linking the difference between top and subsequent bottom)? Volatility appears to be decreasing. Can you offer any insights as to the expected bottom that follows a possible $80k top? Thanks again ❤
Why is everyone ignoring the most critical flaw in this theory? Take that last 415% and divde that by 5.3 = 78.3% from next bottom to next top? Weird? Lets go further. Take that 78% and divide by 5.3 = 14% from bottom to top only two bull runs from now? Only shows that this trend will surely be broken or BTC is going to die. Which is more likely? I doubt Steve will explain it to me as my question was ignored so if anyone else cares to explain how this works or should we just accept it as a fact?
Simple way-to make lot's of money in crypt0 is to trade with an expert
Wait if bitcoin price raises by 5.3 times less every cycle 'in dollars' than shouldn't that modifier be lower to counter the dollars inflation? or is bitcoin's price somehow tethered to dollar? Perhaps the actual modifier is higher but is countered by inflation? What happens when bitcoin rises in price by 400% but the dollar drops by 20%?