Bitcoin Market Cycles Are Lengthening: Sorry Plan B
It is crystal clear - Bitcoin market cycles are lengthening.
Superimposing each BTC peak over the current top, each peak results in a 574-day distance from the next. This could suggest that Bitcoin may not peak until July 2023, and at a price of $200,000 rather than the $325,000 projected from the last market cycle.
Superimposing each BTC peak over the current top, each peak results in a 574-day distance from the next. This could suggest that Bitcoin may not peak until July 2023, and at a price of $200,000 rather than the $325,000 projected from the last market cycle.
CoinChartist is run by Tony "The Bull" Severino, CMT, a technical analyst fascinated w/ Elliott Wave Principle, Hurst Cycle Theory, W.D. Gann, Japanese Candlesticks, & other classical charting methods. Visit coinchartist.io for free TA education!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
CoinChartist is run by Tony "The Bull" Severino, CMT, a technical analyst fascinated w/ Elliott Wave Principle, Hurst Cycle Theory, W.D. Gann, Japanese Candlesticks, & other classical charting methods. Visit coinchartist.io for free TA education!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.