A Bitcoin Prediction (2024)In this chart, I uncover price levels across an identified cyclical pattern hidden within Bitcoin.
I was initially hesitant to publish this, as I had been pondering the theory for a few days. However, as the price approaches the Phase 2 level, I believe the timing cannot be ignored, and a reaction may be imminent as Bitcoin could be on the verge of breaking out into Phase 2... I've posted a screenshot prior to where BTC is now (below)
My discovery in finding this was not intentional nor was it believable. However, after identifying some familiar projective price targets deriving from Bitcoin's first cycle the compelling results left me intrigued and were enough for me to continue. Whilst continuously applying my method more and more results seemed to match with key pivotable phases. Once I hit 2020, I was sure to expect some variances, but to my surprise, there was not, and price levels were again matched to pivotable levels. It is to that point I followed through into 2024 and beyond. As stated in the chart there is no trickery rather, there is logic and reason. It appears, these predictions beyond 2024 are realistic and do not point to crazy moon boy levels. So with that, I leave this here to revisit and pay my respects.
Some Observational and Key Points:
I base some findings on a 2 x 8-year cycle rather than the conventional 4-year cycle. However, it may appear shorter than expected. Just as there are diminishing returns, there too is an aspect of diminishing cycle timing.
While cycles are often recognised by their low and high targets, not many observe the time it takes to surpass a previous all-time high (ATH) or low. This is interesting because Bitcoin does not exhibit this repetitive behaviour in its history.
I observed the peaks and troughs while noting the counts and periods across cycle phases and took a visual snapshot towards 2022-24 playing into more likely that of 2013-16.
I've projected 2 ATHs as a range due to the nature of placement. The first target is primary, and wicks above could stretch into the second. Projections are also based on a 2-week (close) timeframe.
Final comments:
This is not an indication to be mega bullish and is NFA. The chart merely highlights developments I've identified and is not certain to play out, although quite probable. It is more of a "let's look back and indulge" - at least for me.
Thanks and Enjoy!
