Credit to D.I.Y Investing for the inspiration to this chart. Thought I'd make it myself for a clearer picture, aware it is not nice to look at but is just for me to look back at.
Judging off the last two bull runs, we have a target for BTC top in early December. With the bottom of the subsequent bear market in January 2023. Using previous percentage gains from July bottom to peak, July bottom to July bottom, July bottom to bear bottom and peak to peak provided this cycle is similar in gains and time(unlikely to be even close to precisely the same) targets are as follows:
Peak of 2021 cycle - 186829.22 (Peak to Peak), 187590.22 (July to Peak)
Bear bottom 2023 - 38670.59
July bottom 2025 - 247062.81
Judging off the last two bull runs, we have a target for BTC top in early December. With the bottom of the subsequent bear market in January 2023. Using previous percentage gains from July bottom to peak, July bottom to July bottom, July bottom to bear bottom and peak to peak provided this cycle is similar in gains and time(unlikely to be even close to precisely the same) targets are as follows:
Peak of 2021 cycle - 186829.22 (Peak to Peak), 187590.22 (July to Peak)
Bear bottom 2023 - 38670.59
July bottom 2025 - 247062.81
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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.