BTC cycles

Each two years in December BTC starts a new cycle. If everything go with the same plan, now we are at the beginning of growing cycle.

P.S. Hidden it from the chart, but for your information 21 EMA is at ~7100 - important value.

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Good time for a bounce to make local double bottom.

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We may expect another month of bear tap dip down to 26k or even lower for the scam wicks. Then recovery to reach ATH in December 2021

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That day came. Time to admit that Bitcoin has lost the trend and entered bear market for good. Weekly higher low at 39600 broken and that makes visit to 34-35k inevitable. Sure there can be a bounce to 40k before that, maybe even higher, but general direction is given.

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I've updated this chart - added time periods when Bitcoin usually form the bottom. It is in between 0.38-0.75 and now BTC is entering the last part of it. So if everything goes by plan soon we should start a real bull run.