Carefully observing each significant surge in Bitcoin, one can find a cyclical pattern that can serve as a reference for future market trends.
The first significant surge in Bitcoin occurred from the lowest price of $50,526 on February 24, 2024, to the highest price of $73,764 on March 14, 2024. An increase of 46%, lasting 20 days. It then dropped to $60,756 on March 20, falling for 6 days with a decrease of 18%.
The second significant surge in Bitcoin happened from the lowest price of $58,800 on October 11, 2024, to the highest price of $73,615 on October 30, 2024. An increase of 25%, lasting 20 days. It then dropped to $66,853 on November 5, falling for 6 days with a decrease of 9.2%.
The third significant surge in Bitcoin occurred from the lowest price of $66,853 on November 5, 2024, to the highest price of $99,549 on November 23, 2024. An increase of 48.9%, lasting 19 days. It then dropped to $90,808 today, November 27, falling for 4 days with a decrease of 8.7%.
This Bitcoin adjustment has come as expected; the first significant rise had a 20-day pullback, the second a 20-day pullback, and the third a 19-day pullback. It may drop for about a week before starting to surge again. These are just attempts to predict in a bull market; one should not always be overly optimistic and should have psychological expectations.
