If you use Bitstamp's BTC/USD chart as a base, it's pretty clear that the BTC cycle has passed.
1. From the bottom area below $ 1 (chart only recorded the price area of $ 2.35) created a peak of $ 1135, then corrected to the area of $ 151.
2. From the $151 zone up to the $20,000 zone (The peak of late 2017 and early 2018).
3. Create the bottom of the $3000 zone and increase to the $69,000 zone, which is the peak in November 2021. Creating this position has a chance that BTC will go to the $ 70000 zone once again.
After creating a peak again, that is, reaching a peak of 5 waves of 1 period, there will be an ABC correction area. And the price can go to $ 7000 or a little lower.
This is the detail CZ mentioned, but the correction from which price zone and from which point the winter to 2026 starts, CZ did not say.
1. From the bottom area below $ 1 (chart only recorded the price area of $ 2.35) created a peak of $ 1135, then corrected to the area of $ 151.
2. From the $151 zone up to the $20,000 zone (The peak of late 2017 and early 2018).
3. Create the bottom of the $3000 zone and increase to the $69,000 zone, which is the peak in November 2021. Creating this position has a chance that BTC will go to the $ 70000 zone once again.
After creating a peak again, that is, reaching a peak of 5 waves of 1 period, there will be an ABC correction area. And the price can go to $ 7000 or a little lower.
This is the detail CZ mentioned, but the correction from which price zone and from which point the winter to 2026 starts, CZ did not say.
Comment:
BTC hit 20.000 range. Nice pump!