Bitcoin Peak Completes Parabolic Phase; Projected Plunge to ~29,000/BT Unfolding!
04/29/21 INSIIDE Track – “04-29-21 – The markets have entered a momentous time when 5 – 10-year trends and shifts were projected to culminate, 40-year cycles and trends were projected to shift and larger-degree cycles – like the 80-Year Cycle of War – were projected to enter a new and decisive phase.
At least part of these shifts are also linked to the uncanny influence of the ~11-Year Sunspot/Solar Cycle that bottomed in late-2019 and is likely to accelerate higher in 2021 and 2022.
That could create all kinds of unintended consequences as sudden solar storms can impact Earth’s geomagnetic fields with only a couple days’ warning. 2021/2022 has cyclic relation to many previous (significant) solar storms and could be an unstable period.
That ~11-Year Sunspot Cycle is closely linked to a 10 – 11-Year Cycle of Earth Disturbances that pegged major quakes in 2010 – 2011 and was expected to recur in 2021 – 2022 (with related volcano cycles overlapping both of those periods of time and stretching an unstable period a couple years beyond 2022).
Articles and analysis that were produced in 2009 – 2011 and focused on this phenomenon – detailing the natural and cyclic connections – can be found at:
Earth in Transition: 3+3 | March 2009
Earth in Transition: 3+3 II | December 2009
Earth in Transition: 3+3 III | February 2010
Earth in Transition: 3+3 IV | March 2010
Earth in Transition: 3+3 V | April-May 2010
Earth in Transition: 3+3 VI | June-December 2010
INSIIDE Track – Earthquakes | January 2010
INSIIDE Track – Earthquakes | February 2010
INSIIDE Track – Volcanoes | March 2010
INSIIDE Track – Japan Earthquakes | February 2011
It is important to understand those cycles in order to better appreciate what has been anticipated (in addition to solar storms and earth disturbances) for the coming years. Among the events or shifts projected for 2020/2021 were:
– Completion and transition of ongoing 40-Year Cycle of Currency War.
– Parabolic phase in Gold/Silver bull markets as well as Bitcoin/crypto bull markets.
– Food Crisis Cycles prompting substantially higher prices in grains and foodstuffs – whether supply or demand related.
– Related accelerated advances in grains, beginning with Soybeans in 2020 and shifting to Wheat (and Corn) in 2021 and back to Soybeans in 2022.
– Culmination of US Dollar correction from 2017 peak (and onset of new 1 – 3 year advance) – in the first half of 2021 .
– Major bottom and onset of multi-year uptrend in interest rates, beginning in mid-2020.
– Onset of multi-year war cycle linked to 80-Year Cycle of War (1781, 1861, 1941, 2021) – beginning in 2021 and impacting several years that follow.
In crucial respects, all of these expectations are related. The key is identifying the connecting threads and acting accordingly…
Bitcoin reached a major upside objective near 65,000/BT (65,000 – 66,800/BT) – a decisive target on a 3 – 6 month & 6 – 12-month basis that had Bitcoin precisely matching the magnitude of its previous rally (from March ’20 into Jan. ’21) when it attacked that level, likely completing wave ‘5’ of an overall 5-wave rally.
That could trigger an overall correction back to ~29,000/BT – the 4th wave of lesser degree support (and also the 2021 intra-year low and support).”
Bitcoin fulfilled ongoing analysis for a surge to ~65,000/BT, where a multi-month peak has been forecast and where a higher-magnitude ‘III’ (3) wave was expected to top and complete the parabolic phase of Bitcoin’s advance. (A corresponding ‘V’ wave peak could later retest or spike above that ‘III’ wave top.)
That should trigger a drop back to ~29,000/BT – its 4th wave of lesser degree support and what is now considered the most decisive level of 6 – 12 month and 1 – 2 year support. If it can test that downside target in the coming months, Bitcoin would likely set a 3 – 6 month bottom near there.
What could 2021/2022 outlook for Dollar & Gold mean for the future of cryptos?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.