Bitcoin (BTCUSD) is rebounding aggressively after the LMACD on the 1W time-frame hit and bounced on its historic Support that formed the 2015 and 2018 Cycle bottoms. This suggests that the new Bull Cycle has begun and to keep a better perspective, we have plotted the Geometric shapes from bottom-to-top.
Along with the Ichimoku Cloud and Fibonacci MAs, they paint a fair projection of where the price will trade to from now on. First consider that the next Cycle bottom could be around October 2026 if the (approximately) 1430 day (205 week) time range holds. The next (and final according to this model) bullish confirmation of the new Cycle is the price entering the (red) Ichimoku Cloud. When this happened in June 2012, October 2015 and May 2019, the Bull Cycle never looked back (obvious exception of course is the March 2020 crash due to COVID).
Then a break above Multiple 3 of the Fib MAs, will most likely kick-start the Parabolic Rally (but most likely this will be after Halving 4), as it has done during all previous Bull Cycles. A nice touch of the current study is the plotting of the past Cycles inside the projected current one. With its geometric adjust, all fit fairly easily within. On average, we should see the next Cycle Top around August 2025.
Do you agree with the above? Feel free to let us know in the comments section below!
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