Where are we in the cycle!? Should I buy!? Should I sell!? Everyone wants to know...
It's hard to deny that the 4 year halving cycle is the real deal when the timeframes from this cycle and the last are so freakishly similar:
We're only slightly ahead of schedule. Since things are playing out so similarly, it makes sense to evaluate the previous cycle to predict what comes next:
The most difficult thing you'll do all year is be patient:
And I'd' be remiss if I didn't point out that the ATH resistance crosses October 9th 2021 at $288k, exactly where PlanB predicted in S2FX.
In summary, things might feel CRAZY, but it's just getting started! Prepare for a shakeout around $50k in April and price to top out around $250k+ in October 2021.
It's hard to deny that the 4 year halving cycle is the real deal when the timeframes from this cycle and the last are so freakishly similar:
- 1,181 days from the 2013 ATH until the breakout in 2017
- 1,095 days from the 2017 ATH until our recent breakout a couple weeks ago
- 229 days from the 2016 halving until we broke the 2013 ATH
- 219 days from the 2020 halving until we broke the 2017 ATH
We're only slightly ahead of schedule. Since things are playing out so similarly, it makes sense to evaluate the previous cycle to predict what comes next:
- When BTC broke $1,200 in 2017, it took 109 days before cooling down for a few months around $2,500. That puts us at April 4th 2021 before cooling down.
- BTC ran 156% in those 109 days, 156% would put us at $50,390
The most difficult thing you'll do all year is be patient:
- It took 297 days from the time of the breakout in 2017 until the previous ATH of $19,666
- 297 days puts us at October 9th 2021 before we top out!
And I'd' be remiss if I didn't point out that the ATH resistance crosses October 9th 2021 at $288k, exactly where PlanB predicted in S2FX.
In summary, things might feel CRAZY, but it's just getting started! Prepare for a shakeout around $50k in April and price to top out around $250k+ in October 2021.