What will happen to BTC until 2029? v2Bitcoin / TetherUSBINANCE:BTCUSDTIV-II-0I had plenty of positive feedback on my last analysis, so I decided to neaten it up a little and add some further thoughts after I stared at it for a longer time. In the first two runs marked on the chart the cycle was simpler, more binary. ATH, -70-85% from ATH, RSI going in 30-35 area and comeback. And later, the institutional adoption started spreading, which clearly affected how BTC behaves - the moves started being less determined, less binary, slower. One ATH peak split into two. The quick reset at low RSI got to 6 months of bleed. There's one solid reason why there's a significant chance we will go down to $20-30k levels - the -75% scenario. However, there's also a solid defense - we're over 6 months after the RSI fell below 30 and the institutional adoption is by far more spread than it was in earlier cycles. It might be that this will keep BTC going and we could potentially follow the green scenario. 2029 new ATH targets around $165k in the bearish scenario and $225k in the bullish one given the proportions in the chart from the past years. Everyday is a good day to buy if you're playing a long game. Not a financial advice, just thinking out loud.