Given that Crypto Crew University's "5.3 Theory" seems to be gaining decent traction as of late, explaining that every Bitcoin bull cycle is weakening by a factor of 5.3 when calculating gains from the bottom to the next top of each market cycle...
I decided to chart this out to get a decent idea of what Bitcoin could look like in the next 11 years
Short term we see a potential reversal candle on the monthly that could pull us back to retest
31K
before shooting up to $83.5K (a Fib level if you put the 0.786 retracement at our previous 2021 ATH)
This projects a market top in June 2025, a bear market bottom in Summer 2026 (similar to Summer 2022) followed by only an 80% rally to $61K from a $32K base...
Then after retesting the $32K base once again in October 2029, the beast reawakens & we finally see BTC making MASSIVE new ATHs in the 2030s beyond $100K+
Short term pain: (BTC doesn't make decent gains above $80K for almost an entire decade as a decade long accumulation period is underway)
Long term gain: BTC & the rest of the crypto markets enter a golden age in the 2030s of higher price action
Overall, worth it...
I decided to chart this out to get a decent idea of what Bitcoin could look like in the next 11 years
Short term we see a potential reversal candle on the monthly that could pull us back to retest
31K
before shooting up to $83.5K (a Fib level if you put the 0.786 retracement at our previous 2021 ATH) This projects a market top in June 2025, a bear market bottom in Summer 2026 (similar to Summer 2022) followed by only an 80% rally to $61K from a $32K base...
Then after retesting the $32K base once again in October 2029, the beast reawakens & we finally see BTC making MASSIVE new ATHs in the 2030s beyond $100K+
Short term pain: (BTC doesn't make decent gains above $80K for almost an entire decade as a decade long accumulation period is underway)
Long term gain: BTC & the rest of the crypto markets enter a golden age in the 2030s of higher price action
Overall, worth it...