#BITCOIN MACRO CHART $BTC

Phase 1 of the Bull Market (Intro) ended when we lost the Support Trendline in August.

Correction for the next couple of months (transition) before we kick off Phase 2 (Bull Run 📈)

🏁 Bull Market Top: $100-130k

77° -> 59° -> 49° -> 37° -> 27°

2009-2011 Bull Market had a very steep uptrend from bottom to top (77° angle). The following cycle was less steep and so on.

Over the past 13 years #Bitcoin had the same Bull Market Pattern repeat. Let me introduce my #BTC Bull Market Model which consists of 2 Phases:

[ Once the price finds the bottom, we see a swift recovery / dead cat bounce / echo bubble / whatever ABOVE the Support Trendline. That’s Phase 1 (Introduction to the $BTC Bull Market)

Then we see a correction to that Phase 1 as we break BELOW the Support Trendline (I call it Transition)

The correction ends and we kick off the Phase 2 (Bull Run) which develops BELOW the Trendline and tests it from below only at the Top of the Bull Market. ]

So what about the Bull Market Top? 🤔

- 2013 Bull Market topped out right at the 2.272 Fib extension from the 2011 Top to bear market Bottom.

- 2017 Bull Market Top - same 2.272 Fib extension from the 2013 Top to Bottom.

- 2021 Bull Market Top - 1.618 Fib extension from the 2017 Top to bottom.

📌 Returns diminish as the asset becomes heavier, it’s hard to deny that.

💡 I think this cycle #BTC will top out in 2025 somewhere between 1.272 & .1.414 Fib extension from the 2021 Top to Bottom.