Bitcoin
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$BTC | The Number Of Days Each Impulse Takes to Complete

684
Wave #1 - 193 Days
Wave #2 - 261 Days
Wave #3 - 396 Days
Wave #4 - 286 Days
Wave #5 - ?

It is said that Wave 5 can be the same size as Wave 1 or Wave 3, so I am expecting to see another impulse to the upside before this cycle is finished. I was paying attention to the number of days it took for Wave 1 to complete (193), and the number of days it took for wave 3 to finish (396) to try and determine when we will see a cycle top for Bitcoin. If we speculate that Wave 5 will complete in roughly the same time as Wave 1, we are looking at an August peak. If Wave 5 is closer to the Wave 3 duration, 340 days puts us to the end of the year. I wouln't expect Bitcoin to top in 2023 due to the height of the market, and people taking profits to pay for their 2022 taxes.

Lets hope for a Summer peak!

Penafian

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