Bitcoin Bottoming Recap; Late-Oct/early-Nov ’22 = Next Cycle High.
10/06/22 INSIIDE Track Update – “Bitcoin (& Ether) are in precarious positions after rebounding from major cycle lows but failing (so far) to signal reversals higher… It needs a daily close above that average (currently at ~20,261/BTZ) to complete that signal and likely trigger a quick surge into ~Oct 12/13 (as part of a larger, overall advance into late-Oct/early-Nov).”
http://40yearcycle.com/uncategorized/bitcoin-late-oct-early-nov-22-multi-month-cycle-high-2/
http://40yearcycle.com/uncategorized/ether-leading-bitcoin-reversal-rally-into-early-nov-22-likely/
http://40yearcycle.com/uncategorized/bitcoin-rally-into-early-nov-22-projected/
http://40yearcycle.com/uncategorized/bitcoin-ether-poised-for-lows-rebound-into-early-nov-22/
Bitcoin has plummeted after fulfilling projections for a 5th of 5th wave peak in Nov ‘21 – in sync with a ~4-Year low (2009) – high (Nov/Dec ’13) – high (Nov/Dec ’17) – high (Nov/Dec ’21 Major Top) Cycle Progression. That also fulfilled the multi-year outlook for a major advance into 2021 when Currency War Cycles culminated and when the US Dollar would begin to rally and suppress cryptocurrency for 1 – 2 years. A major 1 – 2 year downside target remains at ~13,800/BT.
Bitcoin was projected to plunge into (at least) Sept ’22 – when a multi-month low would be most likely. Since fulfilling that, Bitcoin & Ether have been forecast to see an overall rebound into late-Oct/early-Nov ’22 – when the next multi-month high is most likely.
How Long Should Sept ’22 Cycle Low Hold?
Why is Early-Nov ’22 Decisive Time for Cryptos??
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.