BITCOIN: Price projection using Bars Pattern. Just for Fun… :-)

• Using BITCOIN Weekly Chart, Log Scale.
• Applying tool “Bars Pattern” of the previous BEAR/BULL Market, period from November 25th 2013 till December 18th 2017

• Assuming End of Previous BEAR Market by end of August 2015
• Fitting and adjusting “Peak to Peak” with the summit of the last Bull (December 18th 2017):

Conclusions:

• Still a lower low would be expected. “Simulation” of the “Bars Pattern” indicates 2548 USD as the lowest point.
• A “Consolidation” period of 7 to 8 months would be expected.
• Start of A Bull Market September 2019
• 322.000 USD by the end of 2021
• …in the meantime, lots of Dapps, crypto projects and adoption coming…

Will you have the patience to wait?

Enjoy!

@toofasteddie