BTC: EXCLUSIVE LONG TERM UPDATE! WHEN BULL MARKET STARTS?
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Welcome to this BTC update. In this BTC update, I'll try to clear all your doubts. This chart is purely based on fractals and previous data.
So let's start.
First Bull Cycle:- First bull cycle of BTC starts before the first BTC halving which is in 2012. After the first halving, BTC made a top of $1k in Nov. 2013 and after that, a 1 year correction period starts.
Second Bull Cycle:- Second bull cycle of BTC starts before the second halving which is in 2016. After the second halving, BTC made a top of almost $14,500 in Dec. 2018 and after that, the same 1 year correction period starts.
Third Bull Cycle:- Third bull cycle of BTC starts before the third halving which is in 2020. After the third halving, BTC made a top of almost $69k in Nov. 2021 and after the month of Nov. 2021, we saw a continuous drop in the price of BTC.
Fourth Bull Cycle:- So according to the history, this correction period till last Nov. 2022 and after that, we will see a bullish rally in the market where the top is around $2,50,000.
According to the above analysis, our first doubt (when bull market) will clear. Now the second important question is what can be the bottom of this correction?
As you see in the chart a yellow MA which is a monthly 50MA act at the bottom of every cycle. So according to this theory, the bottom of this cycle is around $21,300 but that does not mean we did not go below that we might see a wick below the 50MA and that is the best buying opportunity.
Conclusion:-
BTC bottom is around $18k-$22k
The bull market starts after Nov. 2022
Hope after reading this whole update all your doubts will clear. If still have any then you can ask in the comment section or you can also share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Welcome to this BTC update. In this BTC update, I'll try to clear all your doubts. This chart is purely based on fractals and previous data.
So let's start.
First Bull Cycle:- First bull cycle of BTC starts before the first BTC halving which is in 2012. After the first halving, BTC made a top of $1k in Nov. 2013 and after that, a 1 year correction period starts.
Second Bull Cycle:- Second bull cycle of BTC starts before the second halving which is in 2016. After the second halving, BTC made a top of almost $14,500 in Dec. 2018 and after that, the same 1 year correction period starts.
Third Bull Cycle:- Third bull cycle of BTC starts before the third halving which is in 2020. After the third halving, BTC made a top of almost $69k in Nov. 2021 and after the month of Nov. 2021, we saw a continuous drop in the price of BTC.
Fourth Bull Cycle:- So according to the history, this correction period till last Nov. 2022 and after that, we will see a bullish rally in the market where the top is around $2,50,000.
According to the above analysis, our first doubt (when bull market) will clear. Now the second important question is what can be the bottom of this correction?
As you see in the chart a yellow MA which is a monthly 50MA act at the bottom of every cycle. So according to this theory, the bottom of this cycle is around $21,300 but that does not mean we did not go below that we might see a wick below the 50MA and that is the best buying opportunity.
Conclusion:-
BTC bottom is around $18k-$22k
The bull market starts after Nov. 2022
Hope after reading this whole update all your doubts will clear. If still have any then you can ask in the comment section or you can also share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
