Bitcoin / TetherUS
Short
Updated

BTC may decrease 2021-07 to 2021-09-19, then increase in 2021-10

549
Based off of 2021-07 data, BTC may decrease from 2021-07 to 2021-09-19, then increase in 2021-10. Followed by a possible decrease from 2021-09-15 to 2021-12-19. Perhaps after more data is available, there may be an increase around 2022-01 to 2022-06.
Note
CORRECTION: a possible decrease from 2021-11-15 to 2021-12-19
Note
The 2021-07-13 data is now reflecting a possible decline during 2021-10 as well. So from 2021-07 to 2021-12-19 there may be a steady decline pattern. It's possible that it might trend as relatively flat during 2021-10.
Note
My additional idea would be if or when we get struck by deflation (global), then perhaps we could see a further decline. It's possible that there may be a bottom closer toward 2021-10 through 2022-04. For example, the 2018 decline lasted 12 months; however things are different this time. So there is a chance that we may see 6 to 12 months of decline with short-term increases and flat sections. If deflation sets in around 2022-03 (even for 20 days), we could see something like the 2020-03 short-term drop and correction back up. However, this idea / trend that I am referring to can change by changes in inflation & deflation at any time; as well as unexpected economic shifts.
Note
Past 8 months = Bearish Head & Shoulders
Note
Mid-month weekday-start (first weekday after the 15 th of the month) data is currently reflecting... 2021-10 = relatively flat. 2021-11 = decline. 2021-12 = increase. 2022-01 = relatively flat. 2022-12 = increase.
Note
The white lines are the BTC halving cycles. It appears that BTC may peak around 9-11 to 10-10 of 2021; based off of the past distance from the halving cycles. The M-shaped curve may see a second peak of around 51k to 76k with a midpoint of around 66.6k.
BTC may peak by October 1, 2021 - halving cycles marked
Note
This chart is easier to see:
Alternative view of the BTC halving cycles with estimated peaks
Note
short-run decrease - long-term increase

BTC is likely to decline over the next 12 months. However, after an estimate 2022-09-11 date, it is very likely to being increasing based off off the extended long-run historical data and trend.
Note
BTC & TOTAL Market Cap may double from 2021-10-31 to 2022-02-31
BTC & TOTAL Market Cap may double from 2021-10-31 to 2022-02-31
Note
BTC may remain around 63.6k within 33 days; based off of the: 30m view; EMA ribbon.
BTC 63.6k within 33 days: 30m view; EMA ribbon
Note
snapshot
Note
snapshot
Note
snapshot
Note
Deflation slowing BTC purchases (NOV 8th (weekly data) ); leading to a decline in BTC prices.
snapshot
Note
snapshot
Note
BTC log 4-hour view 2021-12-15 to 2022-03-15; increase to $76k to $86k around 2022-03-15, then decrease during late March, April, & May 2022 to around $43k to $53k.
BTC log view increase to $76k 2022-3, decrease to $43k 2022-5
Note
BTCUSD monthly average: 2022-01 $52666 & 2022-02 $51555
BTCUSD monthly average: 2022-01 $52666 & 2022-02 $51555

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.