Bitcoin Price Prediction 2024/25: 4-Year Cycle And Elliot Wave Can Coexist
August 11 2023 - 3:20AM
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The Bitcoin landscape is no stranger to debates and predictions.
Two dominant theories are currently at the forefront: the 4-Year
Cycle and the Elliot Impulse Wave. However, a comprehensive
analysis by the esteemed crypto analyst CryptoCon, suggests a
fascinating intersection of these two theories. The Dueling Bitcoin
Price Prediction Theories At the heart of the debate are two camps.
The first, the 4-Year Cycle proponents, believe in Bitcoin’s 4-year
journey from cycle tops to bottoms, with a predicted zenith in
2025. The second camp, the Elliot Impulse Wave advocates, are
forecasting a powerful parabolic top either this year or by early
2024. CryptoCon’s meticulous analysis, which encompasses TA,
on-chain data, market psychology, and more, offers a fresh
perspective. “I believe it may be possible to see the best of both
worlds for each group of thinkers,” he posited. Related Reading:
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At Around $30,000 A significant portion of the 4-Year Cycle theory
hinges on the halving’s impact on Bitcoin’s price. “When the
Bitcoin supply is reduced approximately every 4 years, this should
trigger a supply decrease which causes price to rise,” CryptoCon
elucidated. However, he also raised a counterpoint, noting the
diminishing influence of miner supply output on Bitcoin’s price,
especially given its current market size. Historical Parallels,
Signals And Indicators CryptoCon drew attention to the 2011-2013
cycle, a period that didn’t adhere to traditional patterns. This
cycle experienced both an early and a later top. Could this be a
precedent for the current cycle? “Both of these groups of people
seem to forget one particular cycle that seemingly defied all of
the rules. 2011 – 2013,” he recalled. Two compelling signals were
central to his analysis: the DXY Correlation Coefficient and the
Vigor Signal. Historically, these have been precursors to a price
parabola. “The parabola signal has triggered. This has been the
start of every price parabola by definition,” he emphasized,
underscoring their reliability. Historically, when Bitcoin has
shown a low correlation with the US dollar, significant price
movements have been observed. Related Reading: Bitcoin Futures
Fakeout: The Price Divergence That Predicts A Phony The November
28th Cycles Theory, rooted in the date of Bitcoin’s first halving,
has also been a consistent predictor of Bitcoin’s price movements
for a decade. It segments the Bitcoin price journey into four
distinct phases: Green, Blue, Red, and Orange years (see chart
below), each with its own characteristic price behavior. “With its
level of accuracy, there’s no reason to expect it to fail this
cycle. Telling us the true cycle top will come late 2025,”
CryptoCon confidently stated. CryptoCon’s Trend Pattern Price
Model, which uses patterns in angles degrees from cycle highs and
lows to predict future ones, projects a price of $130,000 by the
end of the November 28th Cycle’s Theory timeframe. He was quick to
caution against over-reliance on fundamentals, stating, “Although
many would say there is no limit to price with fundamentals, I
think this is an absolutely ridiculous argument.” Converging BTC
Predictions Synthesizing all this data, CryptoCon envisions a
scenario where both the 4-Year Cycle and the Elliot Impulse Wave
theories might harmoniously coexist. He anticipates an early top
around April 2024, potentially reaching $90,000, followed by a
mid-cycle bear market. The final top, he predicts, could touch
$130k by late 2025. CryptoCon’s analysis, while detailed and
comprehensive, also comes with a dose of humility. “This is what I
believe is possible. Absolute? Hardly,” he remarked. As the Bitcoin
community continues its fervent discussions, one thing remains
clear: Only time will truly reveal the course Bitcoin’s price will
take. At press time, the BTC price stood at $29,466. Featured image
from iStock, chart from TradingView.com
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