$BTC - all targets taken. What's next❓
After $BTC broke through the historical high and entered the price discovery stage, technical analysis stopped helping to determine resistance levels. On-chain analysis paired with historical data provides a clearer answer.
each cycle the profitability of bitcoin decreases . This is due to the increasing capitalization - the larger it is, the harder it is to push the price.
▫️ 2012-2013 +8500%
▫️ 2017 +1400%
▫️ 2020-2021 +250%
Yes, given the new sources of capital inflow and the interest of politicians in crypto, we can expect this rally to be not much weaker than the previous ones, but I would not expect more than 200% profit from $BTC in this cycle.
If you have been gaining positions in crypto before, congratulations. Historically, during bull runs, no asset has ever given as much return as cryptocurrencies. If you want to buy, use corrections to gain positions.
👉 Goals for the next couple of months: $94,000 - $100,400
#Bitcoin❗ #BTCBreaks84k #HaveYouBinanced #AltCoinRush #EthereumRally