BITCOIN BOTTOM AT $25K IN Q3 2022 AND TOP AT $250K IN Q1 2023In each bottom, bitcoin retraced 89% of the distance from its previous cycle top to its last top, touched the exponential moving average of 61 months, the lower logarithmic regression band and the 45 level on the monthly RSI. The bottom corresponds to $25K-$20K in Q2-Q3 2022.
In each top, bitcoin touched the Intersection point between the upper logarithmic regression band and the logarithmic 2.35 Fibonacci level, obtained with the top to bottom of each cycle. Also, in each top, bitcoin touched the exponential moving average of 21 months multiplied by 5 and the decending trend line on the monthly RSI. The intersection point is at $250k for Q1 2023.
The bull run will resume most likely in Q4 2022 and will last until Q1 2023.
Logarithmicregression
BITCOIN BOTTOM AT $25K (Q3 2022) AND TOP AT $250K (Q1 2023)The Intersection point between the upper logarithmic regression band, the 21 exponential moving average multiplied by 5 and the logarithmic 2.35 Fibonacci level, obtained with the top to bottom of each cycle, has always marked the top of the next cycle. Also, in each peak, there is a touch of the decending trend line on the monthly RSI. The intersection point is at $250k for February-March 2023. Also the In each bottom, bitcoin retraced 89% of the distance from its previous cycle peak to its last peak, touched the exponential moving average of 61 months and the 45 level on the monthly RSI . The bull run will resume most likely in Q4 2022, Octorber and will last until Q1 2023, March.