BTC long term lengthening cycle projection
Long term analysis of BTC based on a lengthening of the cycles, with a peak of this cycle around end 2012, and a double peak figure like we had in 2013 but slower and less volatile.
If we rather follow a 4 year repetitive cycle, then the log channel will be invalidated soon and we should end up this cycle by the end of the year, with a BTC price around 250k - 300K.
But I still think we will have one more leg to form a blow off top and after that we should have a long correction of BTC to reset all indicators, before we can finish this cycle. BTC went to fast too strong, a bit like it was the case in March-July 2019. Also, several long term indicators are about to show that BTC will become overheated soon, especially if we have a strong surge in BTC price (MVRV Z score, Net Unrealized Profit/Loss (NUPL), Mean dollar invested age, Pi cycle top, ...)
Blue line = Halving.
Green line = beginning of alt season (sustained drop in BTC dominance).
Red line = end of alt season 2017 (+2021?).
If we rather follow a 4 year repetitive cycle, then the log channel will be invalidated soon and we should end up this cycle by the end of the year, with a BTC price around 250k - 300K.
But I still think we will have one more leg to form a blow off top and after that we should have a long correction of BTC to reset all indicators, before we can finish this cycle. BTC went to fast too strong, a bit like it was the case in March-July 2019. Also, several long term indicators are about to show that BTC will become overheated soon, especially if we have a strong surge in BTC price (MVRV Z score, Net Unrealized Profit/Loss (NUPL), Mean dollar invested age, Pi cycle top, ...)
Blue line = Halving.
Green line = beginning of alt season (sustained drop in BTC dominance).
Red line = end of alt season 2017 (+2021?).
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.