Bitcoin Breakdown, Pi Cycle Top Projections, and USDT.D Update

kelmarin

In this video I break down what I'm seeing with Bitcoin and the possibility for an even deeper correction into the Green Buy-Block zones.

I also revsit my Fibonacci projections for this cycle, with initial targets of up to 150k and ulitmately a 200k high target based on the 3.618 Fib retracement projection.

There's confluence with these targets using the measured moves from the recent Bull Flag breakout as well.

The BIG question is, where do we go from here?

Here we check out the Pi Cycle Top indicator, and I make some potential projections...

And propose the idea of a dual-cycle top, like we saw in 2013.

It makes sense, that we see a Jan / February pump to new highs, followed by a recessionary bust in Q2 (March) into the summer and potentially into Q3.

But then rally strongly up from there in Q4 as Oct, November and December are typically very bullish in a 4 year cycle. Either way, I think 200k is the cycle top, if we can get there.

The USDT.D study has also been updated, to show 'sticky' support here on the lower trendline, allowing BTC to push higher again above 100k and even rally higher per above. But then we'll likely see a reversion to the mean, with the USDT.D and Total Market Cap / Bitcoin prices.

Check out the video, and share some love with a Like, Comment, and Share.

Best to luck to everyone!

- Brett