Updated Analysis of Bitcoin's Daily Cycle Low (DCL)
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Due to the complexity of the previous chart, I am providing an updated close-up of Bitcoin's daily cycle low (DCL). This cycle usually spans 60 days, with a tolerance of plus or minus 6 days. With the current timing, it seems that the opportunity for Bitcoin to form another DCL is diminishing.
Additionally, a CME gap is anticipated to establish a specific price level at 17:30 ET today. Historically, these gaps have a tendency to pull Bitcoin's price back to this level when traditional markets open on Monday. Given this recurring pattern, it's unlikely we will see a DCL this weekend before June 30th, unless there is an extraordinarily rapid drop to $58,440 within the next 7.5 hours, which would be remarkable. It's important to note that significant price drops can occur even without hitting a new DCL, though this is not commonly observed.
Predicting what comes next is challenging, but I remain hopeful that we might reach an all-time high (ATH) by the end of July. The dynamics of Bitcoin’s price movement continue to captivate and offer numerous speculative opportunities.
Additionally, a CME gap is anticipated to establish a specific price level at 17:30 ET today. Historically, these gaps have a tendency to pull Bitcoin's price back to this level when traditional markets open on Monday. Given this recurring pattern, it's unlikely we will see a DCL this weekend before June 30th, unless there is an extraordinarily rapid drop to $58,440 within the next 7.5 hours, which would be remarkable. It's important to note that significant price drops can occur even without hitting a new DCL, though this is not commonly observed.
Predicting what comes next is challenging, but I remain hopeful that we might reach an all-time high (ATH) by the end of July. The dynamics of Bitcoin’s price movement continue to captivate and offer numerous speculative opportunities.
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DCL confirmed 5th og july. BTC should rally the nect 60 days
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