🔥 When Will Bitcoin Reach The Cycle Top?

١٤ مارس

In this analysis I'm going to take an attempt at making an educated guesss at when Bitcoin will top, purely based on price action.

On the chart you can see Bitcoin's price action over the last 13 years on the 2-week chart. The arrows are drawn from the first candle close above the previous all-time high (purple lines).

In short, it takes between 17 - 24 bars (34 - 48 weeks) before Bitcoin reaches it's cycle top, 20 bars on average. Seeing that we're currently at the first candle close above the last ATH, we can extrapolate previous data and reach the conclusion that Bitcoin will top in December 2024.

When do you think that Bitcoin will top? Share your thoughts!

١٥ مارس

ملاحظة

Short-term view:

١٨ مارس

ملاحظة

Another discussion on potential price action

٢٧ مارس

ملاحظة

Long-term update