Long term view on Bitcoin price
Bitcoin / US Dollar Index BITMEX:XBT
Putting this Wyckoff Reaccumulation Schematic into weekly Bitcoin price chart. This make more sense with institutions coming into the space, there are more parties that have stakes in this space. On chain analysis and price models failed miserably because the paradigm has shifted. There will be no more exponential price of BTC going to 1 million united states fiat dollars I believe, but an extremely volatile ranging price (for now) and slow steady uptrend (for the next few years). I expect 30k – 60k to be the range for now (might even go below 30k in near future). See you in few years where I collect clout
