Bitcoin Cycle Update: The next 217 days are pivotal—a make-or-break moment for this cycle!
By "pivotal," I mean this period could either confirm a bullish breakout or signal a deeper correction.
I’ve marked 2 past and 1 possible upward moves (217 days each, avg. daily return +0.41%), showing strong momentum. The 2nd move, though, was cut short at 75%, hinting at potential interruptions.
On the flip side, I’ve highlighted 2 downward moves (147 days each, avg. daily return -0.17%), reflecting the risk of a bearish reversal.
My indicator suggests growth is realistic if momentum holds—potentially pushing BTC to new highs in $200k area. But if selling pressure dominates, we could see a failed cycle with earlier declines. The next 217 days will set the tone. Stay sharp!