Bitcoin's left translated cycle - new lowsLet’s analyze both Cycle Market theories separately:
60-Day Cycle Status
Bitcoin printed a new cycle low on February 28. While many expected a rebound, it carved another low a week later, leading into a left-translated cycle (price trends downward for over half the cycle). We’re now on day 16, hovering just above the $78,000 low. Further downside is likely in coming weeks.
Multi-Timeframe Cycle Breakdown
2-Week Cycle: Will dip below 20 by Monday’s close, marking the start of accumulation (long-term oversold conditions).
1-Week Cycle: Broken below 20 and stuck there for two months – a reversal is imminent, signaling mid-term upside.
3-Day Cycle: Also below 20, confirming short-term bullish momentum.
1-Day Cycle: Topping above 80, hinting at a brief pullback soon.
Consensus : Both theories suggest a rally toward the 60-Day Cycle high (days 20-30), aligning with the 3-Day Cycle peak. However, we may see one final dip when the 3-Day Cycle resets to 20 before the bull run resumes.
