It's time to break down exactly how this new #Bitcoin price model works...
As I said this is derived from my November 28th Cycles Theory.
This Theory calls tops and bottoms with a +/- 21 day accuracy and tells us what happens in each given year
Tops and bottoms come at these dates:
Tops = +/- 21 days from Nov 28th end of red year (red dots)
Bottoms = +/- 21 days from Nov 28th beginning of green year (green dots)
The model starts on the day of the first halving, Nov 28th 2012.
Cycles have formed in between each date of Nov 28th.
Let's get into what happens during each year based on my N28CT and this price model:
Green year (Accumulation) = Bitcoin forms a bottom at the beginning of the year +/- 28 days from Nov 28th. This is the year of the best cycle buying prices, and the best time to accumulate.
Price also moves towards the median price. (half of previous ATH). This is the first price that can be predicted labeled with blue lines, and their blue dot when price touches it.
Blue Year (Preparation for New ATHs) = Bitcoin spends time around the blue line (median), and then makes an advance towards new ATHs (small red line).
Red Year (New ATHs) = Price makes new ATHs during this year. Bitcoin follows the red trends outlined according to their diminishing pattern. This has been 70, 60, and 50 degrees in order for cycles so far. Implying the next would be 40 and 30.
Price makes its cycle top +/- 21 days from Nov 28th at the end of the year.
Orange Year (Bear Market) = After becoming over-valuated at the cycle high, Bitcoin moves to undervaluation. On this scale, this has always been at a 44-degree descent. We can then find the next cycle bottom price using this measurement, which will come at the end of the year.
Using this model give us these predictions:
Cycle Top Price 2025: 140k
Cycle Bottom Price 2026: $27,000
Median Price Next Cycle: 70k
Cycle Top Price 2029: 190k
Cycle Bottom Price 2030: 36k
Many people don't like to hear these prices, sorry. It's the results of the model. If the prices were higher they would show on the chart.
Each target is judged strictly according to the angle sequences.
I know you all have probably heard some pretty outlandish targets over the years, the Bitcoin community does a great job of that.
Reflect back and think how many there were last cycle! How did that pan out?
Same arguments, institutional adoption and scarcity. I heard that a lot when I was selling all my Bitcoin at 54k in April 2021.
Here's something else I'll tell you most people won't... don't go and blindly follow this model.
Always use data from many sources to come to conclusions! Setting price targets dooms you to fail. They are for speculation and possibilities, not financial decisions.
Remember how many people were lost looking for 100k last cycle top. What happened to them?
Here's a last question for you to think on, are you prepared if that happens again? I am!
