BTCUSD
is programmed math - therefore i believe trends are easier to recognize and distinguish (especially when cross referencing on-chain analytics). Here's the LONG story short:
I measured the amount of days from the halving to the cycle top, which gave me an ~33% increase.
I then added the 33% to the 2017 cycle which equals ~707 days.
This puts Bitcoin's market cycle top for 2022 around April 18th.
The Red Box indicates the general area in which I believe
BTCUSD
can top out in (Jan 22 - July 22). $250k is possible but to early to tell - on-chain gives more accurate top indications as the time nears.
As for the 350k and 500k are the price predictions from other analysis of those who I will not name.
That being said, $100k-$150k are also possible tops. How quick price accelerates nearing the end of the cycle will indicate just where we may top out in the cycle.
Currently, we're experienced a mid-cycle top at $64K - this is where i believe the floor will be during the bear market that supersedes the Blow Off Top this cycle.
The end!
let me know what you think
x
Comment:
I would like to update the red box and extend it Oct/Nov 22 as possible cycle peaks.