Bitcoin follows a distinct four-year halving cycle, as evidenced by past trends.
Typically, the peak of each cycle occurs between November and December, while the bottom is reached approximately 1 to 1.3 years later. The bottom consolidation phase often aligns with 0.5 to 0.75 of the bearish cycle, which corresponds with the period from December 2022 to June 2023. Since it appears Bitcoin has not yet experienced a final capitulation, I anticipate the bottom will occur in early 2024 (March to June), likely in the range of $10,540 to $12,500 (see the weekly chart below).
The target for early 2024 is $25,000 to $29,000, which should initiate a new bull run, aiming for a new all-time high by November to December 2025. I won't attempt to predict the exact peak.
Keep this chart in mind to avoid being overly fearful or greedy. I created it in December 2019, and it has guided me through the years. I hope it serves you well too. 🙏
