Bitcoin's 60-day Cycle path to another All-time high
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Bitcoin's Next Big Move: The 60-Day & 24-Week Cycle in Action The crypto market is getting exciting again! When BTC dropped below $80K, people freaked out, calling for a bear market. But those who understand cycles knew this was just another bottom forming before the next move up. Premium Strategy Master members already knew which coins I loaded up on at the cycle lows.
Why Did Bitcoin Crash Below $80K and Then Pump to $95K? Bitcoin moves in 60-day and 24-week cycles. A full 24-week cycle is made up of three 60-day cycles, and when we hit a weekly cycle bottom, the next 60-day cycle usually kicks off with a big pump. That’s exactly what we just saw!
What’s Next for Bitcoin? We’re still in a bull market, and everything is lining up for more upside:
The 2-week cycle indicator is dipping below 20 (oversold territory).
The 1-week cycle indicator (red) just flipped up.
The 3-day cycle indicator is also moving higher.
This all points to Bitcoin pushing past $100K soon.
On top of that, this is the start of a new 24-week cycle. The first 60-day cycle is almost always bullish, even in rougher market conditions, with at least 35-40 days of upward movement.
Right now, we’re only on Day 3 of this fresh 60-day cycle, which means the market is primed for more upside.
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In case we are in a bearish trend, Bitcoin still has to exceed $100k levels. If the upcoming cycle is left-translated, we still have to see at least 1 week of positive price action due to the Weekly Cycle low.
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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.