Bitcoin cycles again.. One more leg up and then a year of pain

29 May 2021

Highlighting Bitcoin's seasonality and favoring of the month of November and using the Fibonacci extension to guide price action expectations shows Bitcoin's last push up this run is probably going to be in at the end of 2021 and may see prices just shy of 200k. The bear cycle takes a year and also ends around November providing guidance to look back at Bitcoin for accumulation around November 2022 - January 2023. Last cycle saw 3 months of trading on the bottom providing ideal accumulation.