Bang !!!! Bitcoin the bull cycle must continue. Bitcoin is repeating the same in the last 2 previous cycles

You want to find out that Bitcon is repeating in this cycle that it already did in the last two previous cycles

Let's see

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Many analysts have been talking for a while that the bullish cycle ended and that the price of bitcoin will go to at least 20,000

I think that as long as bitcoin does not close with a daily candle below 30000 we are fine

What we saw in previous days in a fake out a false breakout, the daily candle closes above 31000, keeping the price in the channel that I have been following for more than 2 weeks.

What is repeating the price of Bitcoin?

In the 2 cycles prior to breaking the maximum price of the previous cycle, it has a correction and retest to the 1.68 fibonacci extension

This is repeated in the 2012-2013 cycle

This is repeated in the 2016-2017 cycle

Now in the 2020-2021 cycle

We are seeing the same cycle after breaking the formation of the triangle begins the bullish cycle that leads it to break the high of the previous cycle.

Then it marks a new high, but at some point in the cycle it retests the 1.68 fibonacci extension.

And so it has.

This will continue to be fulfilled as long as a daily candle does not close below approximately $ 30,000.

If this happens, it would be the first time that Bitcoin does not repeat the previous cycle.

As we see in past cycles, we still need to complete part of the bull cycle.

In a period of time that goes from 150 days to 250 days, the new maximum of this upward cycle could be taking place.

What do you think?

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Protect your assets use Stop loss

The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.

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