Thread by @AceTrader22

#BTC Long term Chart Analysis and views
1/n #Bitcoin is becoming mainstream asset and moving towards stability with respect to price. Adoption will keep on increasing no doubt. Looking at the price movement it seems price is slowing down with respect to time.

2/n Any of the last two tops are not reaching the previous resistance line. This indicates price is moving slow.
On long term basis it is expected to go beyond $150k-$200k. In my opinion Buying #BTC is best near the Blue curve as that is long term support.

3/n From one Bottom to Top gains have been reducing for #BTC. This can indicate Adoption is reaching saturation for #Bitcoin.
Looking at Lows, one low didnt go below previous top. This indicates more long term HODLers. which is good for price as supply is reducing over YOY basis

4/n Maybe with price observing a flattening the lows can go below previous tops but that can happen in long term. With #BTC giving less returns from one low to top, Money will flow into Alts. #ETH #LTC #XRP #LINK #DOT etc. IMO in future #BTC dominance can go to 30% or so.

5/n Alts would definitely flourish in coming years and would see huge money pouring into them. Doubtful any of Alt would flip #BTC but many can see $100Billion marketcap easily which are $10Billion or lower today.
Those are some of my personal views for Long term Crypto Market

Just to mention, am not saying 65k is top as shown in chart. Also don't want to put views on that as of now, let market speak. As investor will keep adding on Major dips to my long term portfolio
As trader trading swings on monthly and weekly basis.