#BTCUSD Analysis

Bitcoin Market Cycles Overview

We can observe the four major market cycles for Bitcoin since its inception:

  1. Cycle 1 (2012)

    • Cycle Top: $31

    • Cycle Bottom: $2

  2. Cycle 2 (2015-16)

    • Cycle Top: $1,242

    • Cycle Bottom: $160

  3. Cycle 3 (2019)

    • Cycle Top: $19,800

    • Cycle Bottom: $3,000

  4. Cycle 4 (2024)

    • Cycle Top: $68,900

    • Cycle Bottom: $15,500

As we approach 2024, we anticipate the next cycle top. With the upcoming halving, market dynamics are expected to shift significantly.

🔍 Key Levels to Watch:

  • Current Price: $62,908.29

  • Resistance: $70,204.75

  • Support: $46,803.17

Stay updated for more insights and projections!

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