As you can see in the chart above, BTC has had 4-year cycles of bull and bear markets. The purpose of this idea is to keep in mind the big picture in regards to BTC price.
In my opinion, Cycle 3 has now begun. It was a brutal bear market but believe it or not, it was shorter than the Cycle 2 bear market by a few weeks.
However, it is important to understand that even though the bear market is over, we are still a long way from new highs and parabolic moves.
If Cycle 3 acts similar to Cycle 2 in terms of time and price, the following timeline is expected:
- BTC retests previous high/makes a new high in December-2020/January-2021. No one and I mean no one (news, family, friends, etc.) will give a shit about bitcoin until it hits a new high. This is why the smart money is invested around this time ($3,000 to $5,000) near the Cycle 3 low. - BTC goes crazy (parabolic) between June-2021 and November-2021. Expect a lot of talk about crypto in general during this period. You'll hear about it on TV, newspapers, family, friends, etc. - BTC crashes hard on January-2022. As usual, when everyone and their mother is invested in crypto, it will crash HARD.
NOTE: The above timeline will NOT be 100% accurate. However, it provides a great perspective on how long it takes for BTC to make a significant move even if the cycle low is already behind us.
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.