Watch out for the next touch of the Medium Line of the Pitchfork (Schiff Modified). This might be the top of the current Bitcoin cycle.
If we break the Medium Line, the upper lines might get relevant for spotting the top.
Credit to Crypto Cobra on YouTube.
Following the 4-Year-Cycle theory, the last quarter of 2025 should mark the top of the current BTC cycle. Here you have long term trendlines and a speculative trajectory towands this possible right-translated cycle peak.
If 2025 mirrors the 2021 price action, an intermediate top might be performed in spring 2025.
According to the 4-year cycle theory, BTC could peak in 2025. I share my analysis of long-term trendlines and a projected path to a new 2025 parabolic top. I also include background knowledge about wave analysis, without labeling it.
Trendlines from long term lows
Bolt lines most important in my opinion
Fibs "on log scale" from cycle tops to bottoms
Target zones as boxes
SimpleMovingAverages 200 and Fibonacci 21 and 89
Drag out to the right to 2026
Follow the arrows
Go, little Bitcon - gooo!
BTC long term Trend Fan drawn from December 2018 low.
Fibs drawn from 65k, which I regard as the actual cycle top.
Price reversed at the trend-lines several times. Let´s see how it ages.
Overall, I am long-term bullish until mid to end 2025. Potential larger correction between summer/fall 2023 and the 2024 halving.
All lines are cloned from the orange trendline and seem to give nice medium- and long term support/resistance orientation.
Fibs in Log mode.
I guess, that in the coming months and years until my 4-year cycle target zone in Q4 2025, we might break below the lowest trendline in this chart.
Then, a new clone of the trendline might be applied.
"Happy Zone" end 2025...
Bitcoin BTCUSD in Log scale
Fibs in Log scale (just as much on point, as the weekly chart allows me to get it)
Power Lines from around 3150 USD low.
I take the 65k high as reference, based on indicators.
Long bias until 2025.
Interesting targets around 95k and 150k.
Let´s see how it ages.
