Long Term BTC - Projection of last 2 cycles to current cycleAnalysis of 2 previous cycles to project the next cycle
This is the result of making an average of previous durations and some pricepoints
Bearmarket durations:
A/ Days under ATH
2014 = 1134 d / 2018 = 1085d
==> 2022 = (1134d + 1085d) / 2 = 1110 days
B/ Days under 0.618 Fibonacci
2014 = 1120 d / 2018 = 1043 d
==> 2022 = (1120d + 1043d) / 2 = 1082 days
Conclussion = It could take until November 2024 before we see an new ATH
Also note that’s there is almost no differance between days under ATH and days under 0.618 Fib
So there is a great possibility that we don’t see price above 45k until we’re going for an new ATH
Bullmarket durations:
A/ Days above previous ATH until new ATH
2014 = 343d / 2018 = 350d
==> 2022 = (336d + 357d) / 2 = 347d
B/ Days above Macro bottom before the halving
2014 = 546d / 2018 = 504d
==> 2022 = (546d + 504d) / 2 = 525d
Conclussion = if you want pumpy action bull run you are going to need patience until the end of 2024, only after breaking 0.618 and ATH you have about a year to distribute your coins before entering a new bear market
Accumulation Range durations:
A/ Bearmarket 2014
01/2015 – 10/2015: 294 days of sideways action
Price range of 50% ranging between 210 and 315
11/2015 – 04/2015: 203 days of sideways action
Price range of 50% ranging between 315 and 480
B/ Bearmarket 2018
11/2018 – 03/2019: 133 days of sideways action
Price range of 30% ranging between 3200 and 4200
05/2019 – 02/2020: 280 days of sideways action
Price range of 60% ranging between 7000 and 11500
Conclussion =
Average days of price ranging between an 50% range =
(294d + 203d + 133d + 280d) / 4 = 230 days
C/ Bearmarket 2022
This could mean an range until this summer between 16k and 24k for the first range.
Then te second range could range between 24k and 36k wich is also 50%
FINAL CONCLUSSION:
- No ATH and break above 0.618 Fib before the end 2024
- We could have 2 periods of 230 days ranging between an range of 50%
Possible Range 1: 16k - 24k / Range 2: 24k - 36k
- Market is going to be boring for another year and a half in contrast with the bull pumps that comes when you make an new ath