Bitcoin will top out right around December 13 at a price around $180,000. This is based on the prior 4 year cycle tops before a long Bear Market correction. (Gold vertical lines)
This fits with both the top parabolic curve that is determining the top of the market and also significant trend lines (Blue lines) that are being shown based on the end of year dates.
The Blue vertical lines represent an interim cycle that is very consistent throughout each 4 year cycle. In 2 cycles it marks a significant top and in another a bottom region. The cycle that Bitcoin is in right now is copying the 2012-13 cycle almost perfectly.
The overall time frame seems to be very different during this cycle following the halving event. In prior cycles price began moving upward almost immediately following the halving but this time the price remained somewhat flat for several weeks before finally moving up. The only thing I can determine is that the halving event was severely altered by the Covid event and the subsequent lockdowns that followed which created rather unusual prices throughout the market.
The horizontal Gold boxes are identical in length but are slowly getting more condensed with each cycle. They mark the previous cycle top and the next market cycle bottom with a percentage being shown between each of the tops and bottoms. They span beginning at the market top and terminate at the Blue interim cycle lines. One note of interest is the fact that in each case following the halving event as price moved upward marking a new ATH, price then corrected back down to touch what then becomes the 50% line inside each box. (White circles) Presently price just touched this 50% line and has now reversed direction. (Hit Play and scroll forward) The next 4 year cycle will see a market low around $40,000 and should take place right around the Blue cycle line in July/August 2023 which also coincides with the next halving event. This should result in a rather long and steady increase in price very similar to the 2016-17 cycle. So, get ready to buy Bitcoin in the Summer of '23 and it should top out in early January 2026 right around $1,000,000.
This fits with both the top parabolic curve that is determining the top of the market and also significant trend lines (Blue lines) that are being shown based on the end of year dates.
The Blue vertical lines represent an interim cycle that is very consistent throughout each 4 year cycle. In 2 cycles it marks a significant top and in another a bottom region. The cycle that Bitcoin is in right now is copying the 2012-13 cycle almost perfectly.
The overall time frame seems to be very different during this cycle following the halving event. In prior cycles price began moving upward almost immediately following the halving but this time the price remained somewhat flat for several weeks before finally moving up. The only thing I can determine is that the halving event was severely altered by the Covid event and the subsequent lockdowns that followed which created rather unusual prices throughout the market.
The horizontal Gold boxes are identical in length but are slowly getting more condensed with each cycle. They mark the previous cycle top and the next market cycle bottom with a percentage being shown between each of the tops and bottoms. They span beginning at the market top and terminate at the Blue interim cycle lines. One note of interest is the fact that in each case following the halving event as price moved upward marking a new ATH, price then corrected back down to touch what then becomes the 50% line inside each box. (White circles) Presently price just touched this 50% line and has now reversed direction. (Hit Play and scroll forward) The next 4 year cycle will see a market low around $40,000 and should take place right around the Blue cycle line in July/August 2023 which also coincides with the next halving event. This should result in a rather long and steady increase in price very similar to the 2016-17 cycle. So, get ready to buy Bitcoin in the Summer of '23 and it should top out in early January 2026 right around $1,000,000.
Comment:
I just realized you can scroll around on the chart without hitting Play.