Nvidia x BTC x crypto cycles

The white chart represents BTCUSD/NVDA (Nvidia), while the colored one represents BTC chart.

Interestingly, the white chart exhibits an unusually systematic (!) structure. Keep in mind that Nvidia has been one of the biggest shadow beneficiaries of crypto—think back to the early days of active mining and how it was nearly impossible to buy a GPU due to overwhelming demand. I suspect that, even just through experiments, they mined astronomical reserves of tokens.

Every break of the downward trend led to an altcoin rally. Something unusual happened in 2019, but we can attribute it to COVID. Then came strict crypto regulations, bans in China, and so on—overall, not the best cycle.

In this cycle, however, we see an almost identical pattern to the 2017 cycle, when regulatory policies were significantly more lenient. Interestingly, in 2017, Trump was also president.

Back in 2017, the trend broke at the beginning of the year, and it took around 300 days to reach the bull market’s peak. If the same pattern plays out in this cycle, that would point to the end of this year.