- You see this ascending parallel channel for the first time! The channel is projected from the start of the bull market in 2018 to the end of the bull market in 2021.
- The road to 1 million will be full of traps, liquidations, scams, and frauds. But if you are ready for a roller coaster, you can hold your bitcoins in cold wallets such as Trezor, where they will be frozen to death.
- This is a projection because, of course, no one can predict the halving dates. I want to show you how Bitcoin can behave on the road to 1 million USD.
- This parallel channel should be sustainable over time; there is not too much pressure, and we can reach 1 million in 2037. But for now, we are in 2022, and the current price is 16,500 USD.
- As you can clearly see, Bitcoin could reach 6,500 USD next year to touch the bottom of the parallel channel . I don’t see any problem with that.
- Who will get rekt after FTX? Let me know in the comment section right now!
- Bitcoin is extremely volatile and dangerous asset, they said. If you bought the peak, then yes, it’s dangerous.
- Thanks for your attention!
Bitcoin – 1 million USD (You have never seen this before)
Previous ArticleEthereum – 28% crash is almost ready! (descending triangle)
Next Article XRP – When moon? I’ll tell you when…
Professional trader and analyst. My specialization is in Elliott Wave Theory, Fibonacci tools, chart patterns, candlesticks, and price action. To analyze market structure, I use market profile and volume profile in my trading system. To analyze trends, I use trendlines, VWAP, and simple moving averages.