Where are we in the BTC multi year cycle?

13 Ağu 2024

So many are tracking BTC cycles on lower timeframes, which seems to be very difficult because BTC behaves slightly differently than stocks. BTC develops in a logarithmic pattern. Therefore, I've made a cycle count on a slower timeframe. Here, on the 2M timeframe, you can see that we have a 23-bar cycle high to cycle high, and a half-cycle low at approximately 11-14 bars. Cycle theory suggests a deviation of 10%, meaning we are in the very late stages for a HCL. In my opinion, we should be seeing higher numbers for BTC any week now.