I love to analyze (and re-analyze) previous
BTCUSD
cycles for insights. Don't confuse this with what's going to happen, rather what's possible.
The 2013 cycle happened in 3 phases.
1. First run up - 133 days ~2000%
2. Consolidation - 186 days
3. Second run up - 48 days ~800%
If the 2021 cycle is approaching it's Phase 3, it's interesting to note how fast it can happen. 800% in 7 weeks!?
Also, we haven't had a Silk Road magnitude event occur. Or have we (China)? or do we need one?
This cycle has taken much longer and been much tamer, however the market is far more mature 8 years later. To see this cycle through the same lens of 2013 would say Phase one ran ~500% or 1/4 the gain of Phase 1 of the 2013 cycle.
If we're expecting 1/4 growth, simple math would make Phase 3 of this cycle a 200% run or roughly ~$120k from ~$40k.
BTCUSD
cycles for insights. Don't confuse this with what's going to happen, rather what's possible. The 2013 cycle happened in 3 phases.
1. First run up - 133 days ~2000%
2. Consolidation - 186 days
3. Second run up - 48 days ~800%
If the 2021 cycle is approaching it's Phase 3, it's interesting to note how fast it can happen. 800% in 7 weeks!?
Also, we haven't had a Silk Road magnitude event occur. Or have we (China)? or do we need one?
This cycle has taken much longer and been much tamer, however the market is far more mature 8 years later. To see this cycle through the same lens of 2013 would say Phase one ran ~500% or 1/4 the gain of Phase 1 of the 2013 cycle.
If we're expecting 1/4 growth, simple math would make Phase 3 of this cycle a 200% run or roughly ~$120k from ~$40k.