BITCOIN ATH PROGRAMMED IN LETS SEE IF HISTORY REPEATS ITSELF
Bare with me on this chart, it may look a bit messy when you don't know what it is you're looking at so I will try and break it down as best I can.
We know that Bitcoins market cycle is over a period of 4 years. Whereby we see a year long bear market, followed by an accumulation period moving up to Bitcoins halving event, which to date has arguably been the trigger that initiates the Bitcoin bullrun which in turn triggers the rest of the market to start following Bitcoins appreciation.
The data shows that in 2013 price hit its ATH at the 2.272 + 15%, in 2017 it did the same and in 2021 if history repeats itself the projected ATH for Bitcoin will be circa 233k. Just because this has happened before doesn't mean it'll happen again, however until this pattern fails to replicate I will continue to follow it.
With past Bitcoin bear markets we can expect around an 85% drop from its ATH. In 2013 it was 86.75% & in 2017 it was 84%. So if Bitcoin hits it's 2.272 this cycle and over extends a 85% drop from 233K will bring us to around 30K. This is a strong support level which further backs up this theory. we may see a small over extension to around 26-28K, but again looking at history Bitcoin has never revisited a previous ATH and tested it as support.
With this being said assuming history repeats itself, we now have the Top and Bottom for Bitcoin already programmed into the charts. This would make sense given what Bitcoin is but it has yet to be confirmed/proven. If this pattern continues it will become clearer and clearer that these prices are all programmed in already.
2021 BITCOIN NEW ATH = 233K
2022 BITCOIN LOCAL BOTTOM = 30K
Bitcoin likes to spend around 52-58 weeks in a bear market before the bottom is formed.
After the bottom forms Bitcoin has taken 142 weeks (2013) & 150 weeks (2017) to reach its ATH. Currently we are on the 154th week. Meaning Bitcoins ATH is imminent in the next couple of weeks. If we assume Bitcoin takes another 8 weeks on top of what it previously took to hit its ATH in 2017, then that puts Bitcoin printing a top on 06/12/2021. In terms of the pattern being an increase of 8 weeks every cycle, there isn't much data to go off on this, but as it stands. This is the longest Bitcoin has taken to hit a new ATH. So we know at least that the data shows that every cycle Bitcoins ATH cycle becomes longer. Essentially from this point onwards we can expect Bitcoin to go parabolic and hit it's ATH before initiating its long bear market. In line with a pending economic crash? 2022 will be a very interesting year but one thing is for certain. it will be the year where generational wealth is achieved.
SO HOW DO WE KNOW WHEN BITCOIN WILL HIT ITS ATH???
The reason I chose the 2WEEK candle chart was to illustrate the importance of the 1.618 fib extension. In 2013 and 2017 respectively a 2 WEEK full body candle closure above the 1.618 lead to a parabolic move to the 2.272. Currently in this cycle the first week has already closed above this threshold, we're now looking for a second weekly close above 60400, to complete the 2W candle. Once we get the 2W close above this zone, history again dictates we will be seeing 2.272 very soon, within a matter of weeks. All eyes on the weekly close commencing this Sunday. The most fun part of the bull run is almost here, remember to set sell targets and take profits. No one ever went broke taking money off of the table. Don't think price will never go back down. You're most likely very wrong.
Finally just to round this up. If we draw a Trendline from the 1.272 bottom we can see historically during the mania phase of Bitcoins bullrun this has held up until Bitcoin hits the 2.272. After the ATH has been printed similar to the 1.618 theory. If we get a full 2WEEKLY body close below the Trendline, this is confirmation that the bear market is in and we should expect lower lows and lower highs until the bottom is in. Bitcoins next top is predicted to come in December 2025 which is even more interesting and backs up the fact that all this is programmed. Can you guess when the next top will be? It's a conversation for another day but all this seems to fit in perfectly with the WEF's Great Reset Agenda. LOL.
According to the data, Bitcoin should print its new bottom around Dec 2022/Jan 2023. This is where I'll be buying. Until this it's sell the rally and wait patiently.
We know that Bitcoins market cycle is over a period of 4 years. Whereby we see a year long bear market, followed by an accumulation period moving up to Bitcoins halving event, which to date has arguably been the trigger that initiates the Bitcoin bullrun which in turn triggers the rest of the market to start following Bitcoins appreciation.
The data shows that in 2013 price hit its ATH at the 2.272 + 15%, in 2017 it did the same and in 2021 if history repeats itself the projected ATH for Bitcoin will be circa 233k. Just because this has happened before doesn't mean it'll happen again, however until this pattern fails to replicate I will continue to follow it.
With past Bitcoin bear markets we can expect around an 85% drop from its ATH. In 2013 it was 86.75% & in 2017 it was 84%. So if Bitcoin hits it's 2.272 this cycle and over extends a 85% drop from 233K will bring us to around 30K. This is a strong support level which further backs up this theory. we may see a small over extension to around 26-28K, but again looking at history Bitcoin has never revisited a previous ATH and tested it as support.
With this being said assuming history repeats itself, we now have the Top and Bottom for Bitcoin already programmed into the charts. This would make sense given what Bitcoin is but it has yet to be confirmed/proven. If this pattern continues it will become clearer and clearer that these prices are all programmed in already.
2021 BITCOIN NEW ATH = 233K
2022 BITCOIN LOCAL BOTTOM = 30K
Bitcoin likes to spend around 52-58 weeks in a bear market before the bottom is formed.
After the bottom forms Bitcoin has taken 142 weeks (2013) & 150 weeks (2017) to reach its ATH. Currently we are on the 154th week. Meaning Bitcoins ATH is imminent in the next couple of weeks. If we assume Bitcoin takes another 8 weeks on top of what it previously took to hit its ATH in 2017, then that puts Bitcoin printing a top on 06/12/2021. In terms of the pattern being an increase of 8 weeks every cycle, there isn't much data to go off on this, but as it stands. This is the longest Bitcoin has taken to hit a new ATH. So we know at least that the data shows that every cycle Bitcoins ATH cycle becomes longer. Essentially from this point onwards we can expect Bitcoin to go parabolic and hit it's ATH before initiating its long bear market. In line with a pending economic crash? 2022 will be a very interesting year but one thing is for certain. it will be the year where generational wealth is achieved.
SO HOW DO WE KNOW WHEN BITCOIN WILL HIT ITS ATH???
The reason I chose the 2WEEK candle chart was to illustrate the importance of the 1.618 fib extension. In 2013 and 2017 respectively a 2 WEEK full body candle closure above the 1.618 lead to a parabolic move to the 2.272. Currently in this cycle the first week has already closed above this threshold, we're now looking for a second weekly close above 60400, to complete the 2W candle. Once we get the 2W close above this zone, history again dictates we will be seeing 2.272 very soon, within a matter of weeks. All eyes on the weekly close commencing this Sunday. The most fun part of the bull run is almost here, remember to set sell targets and take profits. No one ever went broke taking money off of the table. Don't think price will never go back down. You're most likely very wrong.
Finally just to round this up. If we draw a Trendline from the 1.272 bottom we can see historically during the mania phase of Bitcoins bullrun this has held up until Bitcoin hits the 2.272. After the ATH has been printed similar to the 1.618 theory. If we get a full 2WEEKLY body close below the Trendline, this is confirmation that the bear market is in and we should expect lower lows and lower highs until the bottom is in. Bitcoins next top is predicted to come in December 2025 which is even more interesting and backs up the fact that all this is programmed. Can you guess when the next top will be? It's a conversation for another day but all this seems to fit in perfectly with the WEF's Great Reset Agenda. LOL.
According to the data, Bitcoin should print its new bottom around Dec 2022/Jan 2023. This is where I'll be buying. Until this it's sell the rally and wait patiently.