Bitcoin Price Trends and Future Predictions

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#1Nov 16, 2019, 04:42 PM
Hey everyone. I did some digging into Bitcoin's past cycles and noticed some interesting stuff. I looked at the last three cycles to figure out what's gonna happen next. My forecast is about when we might hit peaks and lows this time. So, what I've seen is that each cycle kicks off with a solid price breakout, followed by some time where it chills above the last cycle's high. Seems like every cycle lasts around 1250 to 1400 days. Typically, there are two highs and two lows before we move into the next one. Here's a summary of what I found: - Start with a breakout - Consolidation above previous highs - Cycle length: 1250-1400 days - 2 peaks, 2 troughs, then onto the next cycle I’ve included some charts to visualize this.
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