Bitcoin

Bitcoin's left translated cycle - new lows

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Let’s analyze both Cycle Market theories separately:

60-Day Cycle Status

  • Bitcoin printed a new cycle low on February 28. While many expected a rebound, it carved another low a week later, leading into a left-translated cycle (price trends downward for over half the cycle). We’re now on day 16, hovering just above the $78,000 low. Further downside is likely in coming weeks.


Multi-Timeframe Cycle Breakdown

  • 2-Week Cycle: Will dip below 20 by Monday’s close, marking the start of accumulation (long-term oversold conditions).
  • 1-Week Cycle: Broken below 20 and stuck there for two months – a reversal is imminent, signaling mid-term upside.
  • 3-Day Cycle: Also below 20, confirming short-term bullish momentum.
  • 1-Day Cycle: Topping above 80, hinting at a brief pullback soon.


Consensus: Both theories suggest a rally toward the 60-Day Cycle high (days 20-30), aligning with the 3-Day Cycle peak. However, we may see one final dip when the 3-Day Cycle resets to 20 before the bull run resumes.

Penafian

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