Echoes of the Past: Cycles Revisited
The Bitcoin market, much like nature, operates in cycles. The most exciting part? These cycles bear a striking resemblance when examined across different timeframes.
The Telltale Signs: An Identical Bottoming Pattern
What's been consistent in these cycles is the pattern of the market bottoming out. It's like a signature...
It has 2 levels from which I expect the development of the next big race to $ 43000 - $ 50000 per Bitcoin. From the support of 25200 - 25850 or 20200 - 20900, I expect support to be denouemented.
We're going to take a look at the previous cycle bottoms to previous all-time highs and the time it took from those two points. Our current cycle bottom was FTX collapsing in November, with them creating the cycle top back in 2021 for the notorious double top. The only other scenario in history where we've retested the cycle bottom levels was in the 2015 bear...
Post is to capture a custom built indicator I have created based on prior cycle bottoms I have called the Cycle Bottom Indicator or CBT.
Are we potentially approaching our first live test (occurs when the Green line crosses under the Red line)?
Follow this post to see how it performs....
This post looks at the following items to assess BTC possible upcoming cycle accumulation ranges, next cycle bottom and historic lowest price possible:
* Cycle Bottom Indicator & CBI Extensions
* Log Chart key support and resistance levels
* 200W SMA (Simple Moving Average) Historic Cycle Bottom Support
* Historic Cycle Accumulation Zone
* 300W SMA...
![BTCUSD: Cycle Bottom Indicator [CBI] - First Live Test Approaching?](https://s3.tradingview.com/p/PumIN3rB_mid.png "Cycle Bottom Indicator [CBI] - First Live Test Approaching?")
![BTCUSD: Cycle Bottom Indicator [CBI] - Log Chart & Historic Bottom Analy](https://s3.tradingview.com/c/cyNuWFBy_mid.png "Cycle Bottom Indicator [CBI] - Log Chart & Historic Bottom Analy")