239,000 USD! This 'strange formula' surprisingly captures the peak of the Bitcoin cycle!
Is there a valuation model that looks like metaphysics but accurately hits the ceiling of historical cycles?
There really is!
This is a peculiar method known in the community as the 'wick overlay method': take the peak of Bitcoin's cycle in November 2013 — that is, the distance from the 'lowest wick' to the peak, and completely replicate and paste it onto the next low point.
The result? It accurately hit the tops of the two major cycles in 2017 and 2021.
And now?
Based on this model's deduction: we align the 'yellow arrow' with the lowest point of the previous cycle, and after copying the first round of gains upwards, we get a new estimated cycle peak — 239,744 USD.
To be honest, when I first saw this method, I thought it was absurd. But now, I actually feel... there's something to it.
At the beginning of the cycle, it seems like nonsense; at the end of the cycle, looking back: it actually turned out to be correct.
Perhaps what we need is not a more complex AI neural network, but a 'stupidly simple' way to capture the resonance points of greed and fear.
239k sounds like an unreachable dream, but in the Bitcoin world, there has never been a shortage of moments that make you question your life.
