Many look at comparing one previous bull-cycle to the current bull-cycle to determine what stage bitcoin is at. Instead of using a narrow view, look at the highs and lows on a macro level to ascertain similarities to the current super-cycle. From analysing the bitcoin chart since inception, there are similarities between the previous two cycles and the present. Periods do not always compare but percentages should be roughly the same when analysing markets.
Explanation:
The peak of November 2013 - to the low of January 2015 = a correction of -86%
The peak of June 2019 - to the low of March 2020 = a correction of -72%
The low of January of 2015 - to the high of June 2017 = a percentile growth of +1700%
The low of March 2020 - to the high of April 2021 = a percentile growth of +1600%
The peak of June 2017 - to the low of July 2017 = a correction of -40% taking a duration of 36 days
The peak of April 2021 - to the low of May 2021 = a correction of -53% (lower than expected) taking a duration of 36 days
The low of July 2017 - to the high of the 2017 bull-cycle = a percentile growth of +1000% taking a duration of 5 months
If we take the low of May 2021 = BTC $29,000.00 X 1000 = $290,000.00 in an estimated period of 5 months (October 2021)
Explanation:
The peak of November 2013 - to the low of January 2015 = a correction of -86%
The peak of June 2019 - to the low of March 2020 = a correction of -72%
The low of January of 2015 - to the high of June 2017 = a percentile growth of +1700%
The low of March 2020 - to the high of April 2021 = a percentile growth of +1600%
The peak of June 2017 - to the low of July 2017 = a correction of -40% taking a duration of 36 days
The peak of April 2021 - to the low of May 2021 = a correction of -53% (lower than expected) taking a duration of 36 days
The low of July 2017 - to the high of the 2017 bull-cycle = a percentile growth of +1000% taking a duration of 5 months
If we take the low of May 2021 = BTC $29,000.00 X 1000 = $290,000.00 in an estimated period of 5 months (October 2021)