#Bitcoin #BTC Diminishing returns, Fib EMAs with Multiplier
By applying Fib EMAs with Multiplier, to the Diminishing returns theory:
Cycle 1 Topped at green EMA
Cycle 2 Topped at orange EMA
Cycle 3 (current one):
- Topped at red EMA (64k in April)
- Next Top (realistic scenario, red EMA) is currently at 141k
- Next Top (optimistic scenario, orange EMA) is currently at 152k
- Next Bottom (realistic scenario, blue EMA) is currently at 36k
- Next Bottom (pessimistic scenario, green EMA) is currently at 22k
Cycle 1 Topped at green EMA
Cycle 2 Topped at orange EMA
Cycle 3 (current one):
- Topped at red EMA (64k in April)
- Next Top (realistic scenario, red EMA) is currently at 141k
- Next Top (optimistic scenario, orange EMA) is currently at 152k
- Next Bottom (realistic scenario, blue EMA) is currently at 36k
- Next Bottom (pessimistic scenario, green EMA) is currently at 22k
As is believed that Bitcoin will trade above 67k ATH this cycle, the values for Next Top and Next Bottom will be higher than the ones written above.
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