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RE: Do I Think Bitcoin Price Will Go Down To $1,000? + Ethereum Hardfork Update
Thank you, Chris, for the analysis and overlay. It’s definitely hard as a perma-bull or someone who is mostly positive about BTC to not react to these predictions. It’s like someone calling your baby ugly; it’s not an easy thing to take.
I’ve found this video by Bob Loukas, an analyst from bitcoin live, extremely insightful. It reviews the cycles of bitcoin on a log scale, using the definition of a cycle meaning the space between two low points.
It maps two 4-year cycles, by week and denotes the staggering similarities between them. It goes into more so I don’t want to spoil it.