23636 BOTTOM THEN BACK UP

There may be a further decline from the recent 60k mark.

Note

BTC has been increasing for 3 weeks on the weekly after falling for about 10 weeks.

Note

Past 8 months = Bearish Head & Shoulders

Note

Mid-month weekday-start (first weekday after the 15 th of the month) data is currently reflecting... 2021-10 = relatively flat. 2021-11 = decline. 2021-12 = increase. 2022-01 = relatively flat. 2022-12 = increase.

Note

The white lines are the BTC halving cycles. It appears that BTC may peak around 9-11 to 10-10 of 2021; based off of the past distance from the halving cycles. The M-shaped curve may see a second peak of around 51k to 76k with a midpoint of around 66.6k.

BTC may peak by October 1, 2021 - halving cycles marked

Note

This chart is easier to see:

Alternative view of the BTC halving cycles with estimated peaks

Note

BTC is likely to decline over the next 12 months. However, after an estimate 2022-09-11 date, it is very likely to being increasing based off off the extended long-run historical data and trend.

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