🔥 Comparing Different Bitcoin Cycles - Update
A couple of weeks ago I made a long-term analysis on the state of the bull-cycle and the future of it.
There's several very interesting things that one can deduce from this graph.
1) The cycles are getting less intense. The difference between the top and the low is relatively diminishing, making each cycle less explosive than the previous.
2) The cycles are getting longer. With each new cycle, it takes longer to reach the top of the cycle. "Time is your friend" has never been more fitting.
Furthermore, the current bull-cycle was "ahead" (above the previous cycles) of where it should've been and therefore the May correction was neccessary. At this point, we are exactly where we should be in the cycle.
Comparing the growth of previous cycles, we can connect them via the blue line. Assuming the blue line will hold for the current cycle, I'm expecting BTC to top somewhere in the first half of 2022, with the top ranging anywhere between 130k - 200k. This assumes that the growth rate of the current cycle will be less than the previous cycle.
The current BTC break-out could very well be the start of the bull-cycle continuation pattern.
Happy trading!
There's several very interesting things that one can deduce from this graph.
1) The cycles are getting less intense. The difference between the top and the low is relatively diminishing, making each cycle less explosive than the previous.
2) The cycles are getting longer. With each new cycle, it takes longer to reach the top of the cycle. "Time is your friend" has never been more fitting.
Furthermore, the current bull-cycle was "ahead" (above the previous cycles) of where it should've been and therefore the May correction was neccessary. At this point, we are exactly where we should be in the cycle.
Comparing the growth of previous cycles, we can connect them via the blue line. Assuming the blue line will hold for the current cycle, I'm expecting BTC to top somewhere in the first half of 2022, with the top ranging anywhere between 130k - 200k. This assumes that the growth rate of the current cycle will be less than the previous cycle.
The current BTC break-out could very well be the start of the bull-cycle continuation pattern.
Happy trading!
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