🔥 When Will Bitcoin Reach The Cycle Top?

2024年3月14日

In this analysis I'm going to take an attempt at making an educated guesss at when Bitcoin will top, purely based on price action.

On the chart you can see Bitcoin's price action over the last 13 years on the 2-week chart. The arrows are drawn from the first candle close above the previous all-time high (purple lines).

In short, it takes between 17 - 24 bars (34 - 48 weeks) before Bitcoin reaches it's cycle top, 20 bars on average. Seeing that we're currently at the first candle close above the last ATH, we can extrapolate previous data and reach the conclusion that Bitcoin will top in December 2024.

When do you think that Bitcoin will top? Share your thoughts!

2024年3月15日

註釋

Short-term view:

2024年3月18日

註釋

Another discussion on potential price action

2024年3月27日

註釋

Long-term update