BITCOIN: HISTORICAL CYCLES AND HEALING ROADMAP!
Updated
THIS CHART IS BASED ON HISTORICAL DATA
In the first cycle, after the ATL,
BTC took 532 days to break above it’s previous ATH.
In the second cycle, it’s taken 546 days to break above its previous ATH.
If history repeats itself, we could see a new ATH around 385 days from today, possibly by December
2024.
ROADMAP FOR BITCOIN HEALING
First Halving: July 9, 2016
546 days of the bull market!
Second Halving: May 11, 2020
546 Days of Bull Market after Halving 3
Third Halving: April 25, 2024 (Expected)
Likely to last 528 days to 546 days of bull market.
Based on fractal analysis and chart data, it is anticipated that Bitcoin will reach its next bull market peak in September 2025. Subsequently, a shift back into the bear market is expected. Consequently, a decision to exit the market before September is considered, given that these projections are assumptions derived from fractal chart data.
I hope this graph clarifies how BTC's long-term growth dynamics work.
Only in a probabilistic approach, this concept is.
This chart is likely to help you make better trade decisions if you consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
In the first cycle, after the ATL,
BTC took 532 days to break above it’s previous ATH.In the second cycle, it’s taken 546 days to break above its previous ATH.
If history repeats itself, we could see a new ATH around 385 days from today, possibly by December
2024.
ROADMAP FOR BITCOIN HEALING
First Halving: July 9, 2016
546 days of the bull market!
Second Halving: May 11, 2020
546 Days of Bull Market after Halving 3
Third Halving: April 25, 2024 (Expected)
Likely to last 528 days to 546 days of bull market.
Based on fractal analysis and chart data, it is anticipated that Bitcoin will reach its next bull market peak in September 2025. Subsequently, a shift back into the bear market is expected. Consequently, a decision to exit the market before September is considered, given that these projections are assumptions derived from fractal chart data.
I hope this graph clarifies how BTC's long-term growth dynamics work.
Only in a probabilistic approach, this concept is.
This chart is likely to help you make better trade decisions if you consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Note
(WEEKLY TIME FRAME)In recent weeks, Bitcoin has undergone a significant price surge, entering a phase of notable price discovery and achieving new yearly highs by surpassing the previous consolidation range.
Historical research reveals a consistent pattern of Bitcoin accumulation in past market cycles.
The initial wave typically occurs shortly after Bitcoin hits its All-Time High in a market cycle, with prices swiftly moving away from that peak. The second wave transpires during the Bear Market's trough, as the price floor for that cycle is established and tested. The third wave unfolds post-cycle bottom, with prices showing an upward trend in anticipation of the Bitcoin halving.
It's crucial to acknowledge that the previous market cycle experienced a significant correction following the third wave of accumulation, leading to a downward price trend until March of the halving year.
Currently, Bitcoin has reached a High-Volume Node on the Volume Profile, indicating a zone with substantial potential supply or selling pressure. This observation underscores the importance of closely monitoring market dynamics and potential corrections in the ongoing bullish trend.
Bitcoin has successfully converted prior resistance into a support level, leading to a period of consolidation as traders anticipate a potential breakout.
Conversely, if Bitcoin is unable to solidify the former resistance as support, it may experience a decisive breakdown, reverting back to a previous trading range.
After analyzing Bitcoin across various time frames, we have concluded that there is a significant likelihood of BTC ranging between approximately 33,500 and 30,000. However, in the long term, the outlook remains bullish.
A similar pattern was observed in the last bull run, where a substantial final drop occurred, eliminating inexperienced and small traders, before the onset of the bullish market. Therefore, it is advisable to stay vigilant, adapt to Bitcoin's movements, and continue learning to navigate potential market fluctuations.
Note
Bitcoin has recently broken through its previous resistance levels and now finds itself within the significant resistance zone ranging from $40,800 to $42,000. This zone has historically proven to be formidable during both 2021 and 2022. It is crucial to closely monitor this level as the cryptocurrency appears to have a robust weekly closing above this zone. This development could favor buyers in the upcoming week, signaling potential upward momentum in the market.
Note
Note
Bitcoin experienced a slight upward movement, nearly closing at the top of the resistance area. The price currently shows strong bullish momentum, suggesting the possibility of a breakout by the weekend. If this prediction proves accurate, it would be a positive development for the market, contributing to its overall health.
Note
#Bitcoin📷
It has been observed that Before the start of every bull market, we see a big drop to wipe out the inexperienced and small traders before the onset of the bullish market. Therefore, it is advisable to stay vigilant, adapt to Bitcoin's movements, and continue learning to navigate potential market fluctuations.
After analyzing Bitcoin across various time frames, we have concluded that there is a significant likelihood of BTC ranging between approximately 33,500 and 30,000. However, in the long term, the outlook remains bullish.
Note
The current strength and momentum of BTC are notable, as it surges in a parabolic manner, surpassing various resistance levels. As long as it continues trading above the recently breached horizontal resistance, a bullish trend is expected to persist. The next major resistance to watch for is at $48,189.
Note
🚀 #Bitcoin signals a bullish pennant! A strong breakout could pave the way for another upward surge. 📈 But, be prepared for a potential short-term retracement if the pennant breaks down.
Stay tuned for exciting market moves!
Note
#BTC reaching the resistance zone at 44.5k.This prediction is based on the presence of a strong resistance level and the emergence of a bearish divergence.
As expected, Bitcoin is currently experiencing the projected correction, with indications pointing towards a potential dip to the 34k range by the end of December.
It's noteworthy that if Bitcoin stabilizes within the 43k–44k range for an extended period, it could create a favourable environment for altcoins.
#crypto #Bitcoin
Note
📉 #Bitcoin is breaking down from this rising wedge pattern and currently testing it. According to the pattern, a technical expectation of a 7.60% drop from here persists, and the RSI is reinforcing this bearish divergence.
As anticipated, Bitcoin is currently undergoing the projected correction, with indications pointing toward a potential dip to the 34k range by the end of December.
In the midst of this, we find support levels at
42K and $38,200k.Stay tuned! 📊💡
Note
🚨 I have given you the heads up, and I hope you took precautions.
No surprises here! 😉
Note
📊 #BitcoinHalvingChronicles 🚀
1️⃣ Anticipating the Halving: 4.5 months to go, historical trends predict returns post a deeper retracement.
2️⃣ Hype-driven Rally: 60 days pre-Halving, a yellow-hued rally as investors "Buy the Hype" gearing up to "Sell the News."
3️⃣ Halving-induced Retrace: Around the event, retracement historically hit -38% (2016) and -20% (2020), sparking doubts about the bullish impact.
4️⃣ Post-Retrace Re-Accumulation: A red-dominated, multi-month phase tests patience, battles boredom, and manages disappointment.
5️⃣ Entering the Parabolic Uptrend: From re-accumulation (green), Bitcoin sets sail on a parabolic uptrend, heading to new All-Time Highs.
Stay tuned for the #HalvingJourney! 🚀📈 #BitcoinAnalysis #CryptoMarketInsights
Note
📈 #Bitcoin Update 🚀
BTC bounces back, retesting the ascending trendline and finding support at MA 100. 📊 A bullish rally is on the horizon as long as it holds above the trendline. 🚨 Caution: A sustained breakdown might trigger a market correction.
Stay vigilant, #CryptoCommunity! 📈🔍 #BitcoinAnalysis #CryptoNews
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