We are likely to have one more leg down followed by a small rally. After that we will probably enter an extremely boring market until late spring - early summer next year. In every BTC bull market cycle we have had 2 mini bubbles before we reach all time highs. We recently experienced the peak of the first mini bubble, topping out at the 61.8% Fibonacci level. The next mini bubble might top out at the 78.6% level (16k) before another correction.
Keep in mind that every new market cycle takes longer than the last one so we will probably not reach all time highs until 2021.
Keep in mind that every new market cycle takes longer than the last one so we will probably not reach all time highs until 2021.
注释
I wish I could post a long term logarithmic chart that also displays time in log to illustrate where we currently are but I am unable to post links here for the time being.
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