Bitcoin (BTCUSD) is about to enter the most aggressive part of the Bull Cycle, the Parabolic Rally. That is the final bullish sequence at the end of which leads to the All Time High (ATH) and new peak of the Cycle. What makes it the most aggressive part is its Higher Highs angle, which historically has been the greater on each and every Cycle.
More specifically, the Parabolic Rally tends to start after BTC breaks above its previous ATH (blue circle). Until then, the angle degree (°) of the Higher Highs is low, with the current Cycle being 31°, the previous one of 2019/20 at 18° and the one before of 2015/16 at 26° (2019/20 Cycle was taken as such in order to filter out both the Libra euphoria and the COVID crash). This trend-line starts at the same time the 'Accumulation Triangle' starts, which leads to the ATH rally test.
The Parabolic Rally in the last 2 Cycles has been 71° and 66° respectively. Each Cycle's ° degrees of the 2 Higher Highs trend-lines give a sum of 89° - 92°. Since the current Cycle has the first Higher Highs trend-line on a 31° angle, the Parabolic Higher Highs should be a minimum of 58°. This suggests that by June we may have hit the 100k psychological benchmark and by September even extend to $150000.
But what do you think? Have we entered the most aggressive part of the Bull Cycle and if yes, are such targets realistic that soon? Feel free to let us know in the comments section below!
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The truth is we all should have bought in around 16,000 to 24,000 and held since then with no signs of stopping. The ETF inflows have slowed down very much so I've read through news articles. I've also read that it's actually been retail investors that have propped the price up because of counting on inflows to the ETFs. Also I've read that it takes 3 months of data before fiduciaries like Fidelity can start acquiring Bitcoin ETFs for small percent of people's retirement plans like 401ks. I heard they actually cannot do it now because it requires 3 months of data. That along with miners selling out in huge chunks I believe it's too early for a parabolic rally. I've read that estimates on an end of your price from JPM for Bitcoin have suggested 94,000. it's currently not looking good for ethereum for the ETF. however since the SEC has probed companies about ethereum maybe that could be good news.
in short I'd like to say we all know that if we just held on with all of our might aka diamond hands for years we would have profited immensely. there really is no need to keep buying and selling unless you have millions and millions of dollars and you can't just sell it quickly like for a hedge fund. The data shows that if you just held Bitcoin for years you would have profited very much so. so basically pick a spot to buy and hold for the next decade and you might be seeing 250k per Bitcoin.
I completely agree with your idea, I do however expect more expansion in price action above your, you're modest, thoughtful and very accurate in your analysis. You rock TS,
We appreciate you very much.
Jklappauf
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may have to make a pit stop at 60k first?
HSF1991
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nice analysis 👍❤️
StewySongs
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💯💯💯
simpsonepic1a
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This will be totaly diffrent from rallys in the past..its already past last high thats so price does not go below to protect ETF capital gain already relized.
in short I'd like to say we all know that if we just held on with all of our might aka diamond hands for years we would have profited immensely. there really is no need to keep buying and selling unless you have millions and millions of dollars and you can't just sell it quickly like for a hedge fund. The data shows that if you just held Bitcoin for years you would have profited very much so. so basically pick a spot to buy and hold for the next decade and you might be seeing 250k per Bitcoin.