BITCOIN Its Cycles are so easy it's NOT EVEN FAIR!!

5 окт. 2023 г.

Ok the title may be catchy but how far is that statement from the truth? This chart shows the astonishing correlation in terms of symmetry that Bitcoin / BTCUSD Cycles have with each other.

The classification is made based on the Halving events. After the bottom of the Bear Phase, the Consolidation Phase starts and ends on the Halving. Then the Bull Phase starts.

Every Consolidation Phase has been around 500 days, and measuring from the November 7th 2022 bottom to the April 1st 2024 Halving, the one we currently trade on should be around 511 days, same as 2019.

Also the 2016-2017 and 2020-2021 Bull Phases have been symmetric (525 and 553 days respectively).

It is amazing that the duration of the Bull Phase tends to be almost the same as the Consolidation Phase. So if this Consolidation Phase lasts for 511 days then we can expect the Bull Phase to range that much also, ending on August 2025.

A useful observation is that by the time of Halving the price has always been around the 0.618 Fibonacci level of the Bear Phase's measurements. This is now at 38500. Also before the Halving the price reaches the 0.786 Fibonacci at some point (current 50000).

Now if the above isn't scripted, I don't know what is! What's your thoughts?

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