BTC’s 3 Truths Remain Unbroken
“We are in the midst of the fifth of these parabolic cycles. The first rule has already been met when in December 2020, we traded above the previous record high ($20,00), and the monthly candle doubled in size. However, the final two characteristics point to the possibility that Bitcoin has yet to fully correct from the current record high in the market. For these constants to continue to hold the truth they held since Bitcoin’s emergence into our world, both financially and philosophically, we would expect to see the current correction that has been underway for over three months to conclude at a price no higher than $18,000 and no lower than $3,000.” — Excerpt from “Bitcoin’s Three Unbreakable Truths” published February 22nd of this year.
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Originally published at https://thegoldforecast.com.