I remember Bitcoin sentiment in January of 2023 when the cryptocurrency was selling at around $18K and everyone was in a full on panic mode. It was crashing. Yet, our mathematical and timing calculations at the time confirmed October bottom and have suggested BTC would push into its mid-cycle top next to arrive in early 2024.
Today, the situation is quite reversed. Open any financial outlet and be immediately inundated with articles about Bitcoin hitting $100K and beyond.
Yet, pay attention to the chart above. In short, Bitcoin is approaching its mid-cycle high. Once it is in, the crypto should collapse into its major cycle bottom, scheduled to arrive towards the end of the year. In other words, things are not looking good for BTC. At least in terms of our mathematical and timing calculations.
We just posted our updated full analysis for Bitcoin in our MegaCap section. If you would like to see it, including our time/price projections, please Click Here.