If the 4 year cycle remains in tact, then ~$40-45k will be the bottom about a year from now. #Bitcoin

Replies (33)

The markets are haywire. I am not looking to them to figure out what happens next. If the money printing starts in earnest, liquidity is going to be more influential than habit.
Institutions are sucking out the premium with futures, options and stonks. There is a lot of paper bitcoin reducing real demand. The cycle tracks almost identical to 2021 with less amplitude. That’s why we barely got 100% from previous peak unfortunately that doesn’t stop us from getting a bear market. There is a lot of misconception on the idea of institutional buying is “long only”.
I don’t really like price predictions in either direction because they are mostly misleading and misguided. But I think 38-50K range is a reasonable expectation 60-70% drawdown based on how sharply we have already sold off since peak. Seems entirely possible by the end of the bear.
~$80k is a significant support zone. Selling near that would likely be a mistake. If ~$80k can't hold, the next support is ~$60k.
I don't think there has been enough time to say there are patterns. The conditions are constantly changing and the reasons for drawdowns are always different. Cycles have been an influencer talking point.