| Bitcoin has been locked in a predictable 4 year cycle pretty much since it's inception. Analyzing the patterns of the 4 year cycle has been very useful when it comes to projecting the timing of market cycle tops and bottoms. Using these patterns, I have come up with a theory which estimates the approximate date and range of the upcoming bear market bottom. Here are some known patterns that Bitcoin has exhibited over the last decade: - Cycle tops have come approximately 18 months after each of the last 3 halvings. Halving Jul 2016 - Dec 2017 Top (17 Months) - Cycle bottoms have come approximately 1 year after each cycle top. Nov 2013 Top - Jan 2015 Bottom (14 Months) Dec 2017 Top - Dec 2018 Bottom (12 Months) Nov 2021 Top - Nov 2022 Bottom (12 Months) With these patterns in mind, we can estimate when the next bear market bottom will occur. Assuming the cycle top was Oct 2025 at $126K, The bear market bottom should happen around Oct 2026. I can go one step further and come up with an estimated price range of the bottom. We can see that each bear market has had diminishing declines. (Each bear market has been less severe than the prior one) Based on the drawdowns of each bear market, I will assume the bottom will come in around $50K + or - 10% as that range will fall inline with prior market bottoms below the projected 200 week and 50 month moving averages. Past performance is not indicative of future results. [link] [comments] |
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