Bitcoin's 2nd peak prediction - earlier than we think!
Greetings everyone!
In my previous prediction that I published in Feb, I did a long term view of BTC, trying to spot the tops and bottoms. I predicted that we'll see two tops, the first one being on the week of April 26th, followed by a correction of 50% with the lowest point being on the week of 21st June. I overestimated how high the price would go to, but I got the dates exactly right to the week. This helped me to sell some of my crypto at the top and buy back at the bottom.
In the same idea, I predicted that the next top would be on the week of 30th August. I am revising my prediction on the second top to the week of 27th September +- 1 week, after I spotted a mistake in my previous calculation.
Based on the top of the logarithmic regression band, it would indicate a price of about 130k by then, though predicting the top and bottom price is way more difficult than predicting the dates, and I will probably get this wrong again.
How I came to this date is by comparing it to the previous market cycles. I predicted that this cycle is a combination of 2014 and 2017. It's like 2014 in the sense of there's a double peak, and 2017 in the sense of the timing and duration. If we compare the time frame so far to 2017, June 2021 was like Sep 2017, July 2021 was like Oct 2017, and August so far has been like Nov 2017. I expect September to be like Dec 2017. I still remember the emotions of those months as it was my first ride on the crypto rollercoaster back in 2017, and the emotions and the returns have been exactly the same.
Most people are expecting the second phase of the bull run to last 6 months. I'm here to tell you to be prepared for it to be about a month and a half.
Watch for prices to go parabolic in Sep 2021. If it does, I'm probably right, and I would be taking lots of profit expecting the bubble to pop. However if the price goes sideways or down in September, this idea is invalidated and I would be wrong, and we may be seeing a longer second phase to this bull market.
This is for educational purposes only and do your own research and due diligence and manage your risk!
Peace!
In my previous prediction that I published in Feb, I did a long term view of BTC, trying to spot the tops and bottoms. I predicted that we'll see two tops, the first one being on the week of April 26th, followed by a correction of 50% with the lowest point being on the week of 21st June. I overestimated how high the price would go to, but I got the dates exactly right to the week. This helped me to sell some of my crypto at the top and buy back at the bottom.
In the same idea, I predicted that the next top would be on the week of 30th August. I am revising my prediction on the second top to the week of 27th September +- 1 week, after I spotted a mistake in my previous calculation.
Based on the top of the logarithmic regression band, it would indicate a price of about 130k by then, though predicting the top and bottom price is way more difficult than predicting the dates, and I will probably get this wrong again.
How I came to this date is by comparing it to the previous market cycles. I predicted that this cycle is a combination of 2014 and 2017. It's like 2014 in the sense of there's a double peak, and 2017 in the sense of the timing and duration. If we compare the time frame so far to 2017, June 2021 was like Sep 2017, July 2021 was like Oct 2017, and August so far has been like Nov 2017. I expect September to be like Dec 2017. I still remember the emotions of those months as it was my first ride on the crypto rollercoaster back in 2017, and the emotions and the returns have been exactly the same.
Most people are expecting the second phase of the bull run to last 6 months. I'm here to tell you to be prepared for it to be about a month and a half.
Watch for prices to go parabolic in Sep 2021. If it does, I'm probably right, and I would be taking lots of profit expecting the bubble to pop. However if the price goes sideways or down in September, this idea is invalidated and I would be wrong, and we may be seeing a longer second phase to this bull market.
This is for educational purposes only and do your own research and due diligence and manage your risk!
Peace!
