The Dollar Index (DXY) is generally considered to be inversely proportional to Bitcoin (BTCUSD). This chart shows many other similarities that can be noted when overlaying BLX (orange) on the DXY chart (blue).
The biggest takeaway with reference to Bitcoin's price movements is that it's possible, contrary to the popular belief of 4-year cycles, that BTCUSD is not following a strict timeline.
Rather it seems Bitcoin price has expanded in 2 phases since inception, with 2 cycle tops in each phase (these 3 phases are marked by the time range bars at the very bottom).
Given this data, it is possible that the next bitcoin (hence, crypto) top will be around mid-2025.
Furthermore, since there are 2 tops in each phase, the approximate time range for the cycle top after that could be around late 2028.
Disclaimer: Keep in mind that market predictions are about as reliable as a weather forecast in outer space. Use this analysis as a conversation starter, not as financial advice. Investing in cryptocurrencies carries risks, so do your homework and make informed decisions. Remember, no crystal balls here—just a pinch of insight and a dash of caution.
The biggest takeaway with reference to Bitcoin's price movements is that it's possible, contrary to the popular belief of 4-year cycles, that BTCUSD is not following a strict timeline.
Rather it seems Bitcoin price has expanded in 2 phases since inception, with 2 cycle tops in each phase (these 3 phases are marked by the time range bars at the very bottom).
Given this data, it is possible that the next bitcoin (hence, crypto) top will be around mid-2025.
Furthermore, since there are 2 tops in each phase, the approximate time range for the cycle top after that could be around late 2028.
Disclaimer: Keep in mind that market predictions are about as reliable as a weather forecast in outer space. Use this analysis as a conversation starter, not as financial advice. Investing in cryptocurrencies carries risks, so do your homework and make informed decisions. Remember, no crystal balls here—just a pinch of insight and a dash of caution.