đ #Bitcoin⏠Growth cycle â Analyzed
What can we say based on the chart above? Two things:
1) The growth is following the same structure: consolidation below resistance -> breakout -> first wave of growth -> minor consolidation -> second wave of growth
2) Each growth spurt is shorter and weaker than the previous one (a sign of an upcoming correction).
Currently, we are witnessing the period between the first wave of growth and consolidation. Most likely the peak of this local cycle above #Btc-halving is ~$74,000.
