When Could Bitcoin Peak In This Bull Market? Lengthening Cycles Beyond Old All Time Highs?
Bitcoin tends to perform a Bull Market Top 266-315 days after it breaks its old All Time High
Bitcoin broke its old All Time Highs last week
The next Bull Market Peak may thus occur in 266-315 days
That's very late November 2024 or very late January 2025
However, as Accelerated as this cycle may be...
It appears that the amount of days that Bitcoin spends beyond old All Time Highs is actually lengthening
In 2013, Bitcoin rallied for 268 days before topping out
In 2017, this figure rose to 280 days (an increase by 14 days)
In 2021, this figure rose to 315 days (an increase by 35 days compared to 2017)
Historically, the amount of days that Bitcoin has spent beyond old All Time Highs have increased by approximately 14 days to 35 days
So how much time could Bitcoin spend beyond old All Time Highs before performing its Bull Market Peak in this cycle?
If we add 14-35 days to the initial Bull Market Peak range of 266-315 days, that would bring the total to 280-350 days
This in turn could push the Bitcoin Bull Market Peak to mid-December 2024 or mid-February 2025.
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