If you think $BTC has gotten to the peak for this cycle and you need to take profit then you need to read this:
Bitcoin historically follows a pattern of significant upward momentum after breaking its previous all-time highs (ATH). Here's an analysis based on past performance:
1. 2013 Cycle:
ATH Break: April 2013 (~$266).
Post-ATH Uptrend: Lasted approximately 7 months, peaking in November 2013 (~$1,242).
2. 2017 Cycle:
ATH Break: March 2017 (~$1,200).
Post-ATH Uptrend: Lasted approximately 9 months, peaking in December 2017 (~$19,600).
3. 2020-2021 Cycle:
ATH Break: December 2020 (~$20,000).
Post-ATH Uptrend: Lasted approximately 5 months, peaking in April 2021 ($69,000).
Average Duration of Uptrend After ATH Break
(7 months + 9 months + 5 months) ÷ 3 = ~7 months.
On average, Bitcoin's uptrend lasts about 7 months after breaking its previous ATH, though market conditions and external factors can influence this timeline.
