Saying S2F model is "wrong/invalid/broken", means saying BTC price pumps after 2012, 2016, 2020 halvings (red arrows) are coincidences, random, unrelated to halvings.
Possible, but I disagree. IMO 21M cap, supply schedule, 4y halving cycle are fundamental to BTC price. IMO the halving will probably be at S2F model value $60k (dark blue) and BTC will pump after the halving (red), just like 2012, 2016, 2020 halvings.
What do you think is the bottom after the next bullmarket?
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#BTC/USDT #ElliottWave M
#Fibonacci retracement
(Penciled-in, because early in the unfolding) projection and retracement.
~80% below the top?
