Looking at previous halving cycle
Bitcoin had an 819 day bearmarket before an clear complete elliot wave count to the upside
Comparing this to current cycle, i believe it wil take some months more to complete the downcorrection
And have an similar duration to the upside around 600 days
Previous cycle we went back to the 0.786 Fib retracement comparing now only the 0.5 Fib retracement
This does make the possibilty to take the low, higher compared to the higher low previous cycle
If you take the fib extension of the first move down of previous cycle, bitcoin went back to the 0.618 Fib extension
In this cycle we could also go back to the 0.618 Fib extension, wich would bring bitcoin to 12k and take the low, afther that a jump on steroids to the upside for the impulsive move
If bitcoin rhymes with previous cycle, this is an possibility to take in account
Bitcoin had an 819 day bearmarket before an clear complete elliot wave count to the upside
Comparing this to current cycle, i believe it wil take some months more to complete the downcorrection
And have an similar duration to the upside around 600 days
Previous cycle we went back to the 0.786 Fib retracement comparing now only the 0.5 Fib retracement
This does make the possibilty to take the low, higher compared to the higher low previous cycle
If you take the fib extension of the first move down of previous cycle, bitcoin went back to the 0.618 Fib extension
In this cycle we could also go back to the 0.618 Fib extension, wich would bring bitcoin to 12k and take the low, afther that a jump on steroids to the upside for the impulsive move
If bitcoin rhymes with previous cycle, this is an possibility to take in account