Bitcoin's 60-day Cycle path to another All-time high
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Bitcoin's Next Big Move: The 60-Day & 24-Week Cycle in Action The crypto market is getting exciting again! When BTC dropped below $80K, people freaked out, calling for a bear market. But those who understand cycles knew this was just another bottom forming before the next move up. Premium Strategy Master members already knew which coins I loaded up on at the cycle lows.
Why Did Bitcoin Crash Below $80K and Then Pump to $95K? Bitcoin moves in 60-day and 24-week cycles. A full 24-week cycle is made up of three 60-day cycles, and when we hit a weekly cycle bottom, the next 60-day cycle usually kicks off with a big pump. That’s exactly what we just saw!
What’s Next for Bitcoin? We’re still in a bull market, and everything is lining up for more upside:
The 2-week cycle indicator is dipping below 20 (oversold territory).
The 1-week cycle indicator (red) just flipped up.
The 3-day cycle indicator is also moving higher.
This all points to Bitcoin pushing past $100K soon.
On top of that, this is the start of a new 24-week cycle. The first 60-day cycle is almost always bullish, even in rougher market conditions, with at least 35-40 days of upward movement.
Right now, we’re only on Day 3 of this fresh 60-day cycle, which means the market is primed for more upside.
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In case we are in a bearish trend, Bitcoin still has to exceed $100k levels. If the upcoming cycle is left-translated, we still have to see at least 1 week of positive price action due to the Weekly Cycle low.