Long

Cycle high. BTC/USD

I am expecting the cycle to top out around the end of this year. Bear market low into 2022 will be around 40k. Highs this year could round off in a distribution phase like we saw in the first half of this year. This chart compares to 2017 but there are huge similarities to the 2013 cycle. If you compare 2013 to 2021 you see that the volatility has been significantly reduced, and the consolidation patterns look much different. This is why I believe it it possible that we do not over extend into a blow off top, but a steady rise and slower bleed down.

jwjohnnybgoode

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