Will Bitcoin's Bull Cycle End in Nine Days?
On October 14, a market analyst known as CryptoBirb stated on social media platform X (formerly Twitter) that Bitcoin's bullish cycle might come to an end in the next nine days.
He referred to the Cycle Peak Countdown indicator which shows that Bitcoin has passed 99.3% of the current cycle which has lasted for 1,058 days.
According to CryptoBirb, this final stage is characterized by the “classic shaking of weak hands,” a pattern often seen before reaching the top of the market. CryptoBirb emphasized that October 24th is a critical date to watch out for, and mentioned that the recent price fall is “on schedule.”
.jpeg "Will Bitcoin's Bull Cycle End in Nine Days?")
Furthermore, he explained that the market is already in a peak zone, with 543 days having passed since the last Bitcoin Halving, exceeding the historical peak window of 518 to 580 days.
The Fear & Greed Index also fell sharply from 71 to 38, signaling a shift in sentiment from fear to euphoria.
The Relative Strength Index (RSI) also fell from 67 to 47, suggesting that this emotional Flushing could create an ideal foundation for a final surge of euphoria.
However nobody can predict accurately 100% in the market, many variable that can change it such as politic variable, Macro & Micro Economic in US and so on.
Post a Comment for "Will Bitcoin's Bull Cycle End in Nine Days?"