#BTC
Let's not lose sight of the big picture..
What do the colors on the chart represent:
🔵
2015-2018 cycle
🟢
2018-2022 cycle
⚫️
2022+ cycle
When we list the cycles on the same chart (starting from the bottom of the cycle), it would be good to pay attention to the region I marked with an orange box. Whether the cycle is fast or slow, this region is a key region and the region where the cycles somehow approach mean values and slow down. We can also define it as the region where preparations are completed before a possible rally.
Bitcoin managed to reach prices above 70K+ in a very short time by pricing the current cycle faster and perhaps overpricing it a little compared to the previous two cycles, especially with ETFs, but this rapid rise gave way to a heavy and volatile price movement, especially after April. It has been pricing around the 60K average value for 6+ months and has come very close to its own mean value and perhaps its fair price.
At this stage, if it can gain momentum from this region without further delay, as in other cycles, I am more inclined to the idea that the next 3-6 months will be a market dominated by bulls. At this stage, the first signals of this momentum have started to become visible. I will also address these in a separate analysis.
I do not think I will add a comment here saying that the bottom of this price will be like this and the top of this price will be like that, I will address it in another analysis if fate allows. This is a cyclical analysis; therefore, by adding time to the equation, the closer we move to past price movements after this process, the higher the success rate of the bulls in the coming days. At this stage, the similarity between cycles has been re-established, in my opinion, it should not take too long from here on out and the movements we have seen in Bitcoin and below in recent days should continue, albeit slightly.
