Venus went into retrograde on July 22, 2023 and will remain in retrograde until September 3, 2023. Venus retrograde is a phenomenon that occurs approximately every 18 months and lasts for about 6 weeks. It has shown a notable correlation with Bitcoin's (BTC) performance. Interestingly, 2010 and 2012 were the only instances where BTC ended higher post the Venus retrograde period, with the majority of other periods resulting in a consolidation phase that typically led to an upward movement. As Venus recently entered its retrograde phase, it's worth examining this pattern further. While individual or combined events can explain trend shifts at each point in a linear cycle, the consistent alignment of these events with the Venus retrograde cycle suggests a rhythmic pattern that warrants close observation.
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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.