Bitcoin Long-Term Cycles and Weakness
Bitcoin's halving cycle has created local highs and lows every 2 years around December. If this cycle is extrapolated forward, then we have have experienced a local high in November 2021. If that is the case, previous cycle lows have held in the 23.6% to 38.2% retracement level of the previous cycle extremes.
For example, the 2014-2015 low fell within the 23.6%-38.2% retracement of the 2011-2013 up cycle. The low in 2018 again fell within the 23.6%-38.2% retracement of the 2015-2017 up cycle.
If the similar path holds, then 24k-33k is a potential target zone for the coming weak cycle.
Even though bitcoin may not be experiencing a robust uptrend, there are many new projects that do explode higher in price. We'll keep an eye out to find markets on the move.
For example, the 2014-2015 low fell within the 23.6%-38.2% retracement of the 2011-2013 up cycle. The low in 2018 again fell within the 23.6%-38.2% retracement of the 2015-2017 up cycle.
If the similar path holds, then 24k-33k is a potential target zone for the coming weak cycle.
Even though bitcoin may not be experiencing a robust uptrend, there are many new projects that do explode higher in price. We'll keep an eye out to find markets on the move.
We are redefining signal groups with AI generated signals. Our bot scans the top 3000 coins/tokens by market capitalization alerting you to the strongest trends.
DM us for more information about the bot and our services.
DM us for more information about the bot and our services.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
We are redefining signal groups with AI generated signals. Our bot scans the top 3000 coins/tokens by market capitalization alerting you to the strongest trends.
DM us for more information about the bot and our services.
DM us for more information about the bot and our services.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.