Where is Bitcoin Heading?
Possible trend down to rock bottom $10,900, then back up to $100,000+ ?

Where is BTC price heading?

Towards $10900?

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Bitcoin Historical Trend:

 

Dec 2017 to Dec 2018: 6.28X Drop

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17/12/2017 = $20047.89 peak

16/12/2018 = $3192 bottom

20048/3192x100 = 628% drop

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April 2021 to July 2021: 2.21X Drop

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14/4/2021 = $64863 peak

20/7/2021 - $29393 bottom

64863/29393x100 = 221% drop

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November 2021 to Today:

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11/11/2021 = $68744 peak

628% drop ie

$68744/? = 628

? = $68744/628 = $10946

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Conclusion:

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Based on historical trend, the biggest 628% drop in Dec 2017,

BTC can drop from peak $68744 to the lowest $10,946 approx.

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Today 20/6/22, BTC drop level is $20000:

ie $68744 / $20000 x 100 = 344% drop

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I Can See Clearly Now

Song by Jimmy Cliff

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Credit : JimmyCliffVEVO

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Lyrics:

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I can see clearly now the rain is gone
I can see all obstacles in my way
Gone are the dark clouds that had me blind
It's gonna be a bright (bright)
Bright (bright) sunshiny day
It's gonna be a bright (bright)
Bright (bright) sunshiny day

I think I can make it now the pain is gone
All of the bad feelings have disappeared
Here is that rainbow I've been praying for
It's gonna be a bright (bright)
Bright (bright) sunshiny day

Look all around, there's nothing but blue skies
Look straight ahead, there's nothing but blue skies

I can see clearly now the rain is gone
I can see all obstacles in my way
Gone are the dark clouds that had me blind
It's gonna be a bright (bright)
Bright (bright) sunshiny day
It's gonna be a bright (bright)
Bright (bright) sunshiny day
It's gonna be a bright (bright)
Bright (bright) sunshiny day
Oh what a bright (bright)
Bright (bright) sunshiny day

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Source: Musixmatch

Songwriters: Nash Johnny

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