💸Three Indicators – One Forecast

Three on-chain indicators show similarities between the current crypto market and 2019.

Pi Cycle – In April, we reached the local top of the initial bull market (🟢) and are now expected to correct until the price stabilizes above the 111 DMA (🟠).

Golden Ratio – A similar scenario to the local top (🔴). The support zone is the current correction target at $50,000 (🟡) and a return to the bull run can be expected when the price stabilizes above $80,000 (🟢).

Cycle Master – BTC is holding above $57,000 (🟣) and the market is considered to be in a bull phase. If history repeats itself like 2019, the price could drop to the lower range to reach $37,000 (🔵).

Based on these indicators:

📌 Bad news – The initial bull market is over and the correction could intensify.

📌 Good news – The next market phase will be a bull run 🔼

💸Three indicators – One forecast

Three on-chain indicators show similarities between the current crypto market and 2019.

Pi Cycle – In April, we reached the local top of the initial bull market (🟢) and are now expected to correct until the price stabilizes above the 111 DMA (🟠).

Golden Ratio – A similar scenario to the local top (🔴). The support zone is the current corrective target at $50,000 (🟡) and a return to the upside can be expected once the price stabilizes above $80,000 (🟢).