The Intersection of the 4-Year Cycle and Elliot Impulse Wave Theories in Bitcoin Price Prediction
The Bitcoin landscape is filled with debates and predictions, particularly surrounding two dominant theories: the 4-Year Cycle and the Elliot Impulse Wave. However, crypto analyst CryptoCon presents a compelling analysis that suggests an intersection of these two theories.
Main Key Points:
- The 4-Year Cycle proponents believe in Bitcoin’s journey from cycle tops to bottoms, with a predicted zenith in 2025. On the other hand, the Elliot Impulse Wave advocates forecast a powerful parabolic top either in 2021 or early 2024.
- CryptoCon’s analysis takes into account technical analysis, on-chain data, market psychology, and more. He believes it’s possible to find common ground between these two groups of thinkers.
- A significant aspect of the 4-Year Cycle theory is the impact of halving on Bitcoin’s price. However, CryptoCon raises a counterpoint, highlighting the diminishing influence of miner supply output on Bitcoin’s price.
- CryptoCon draws attention to the cycle from 2011 to 2013, which deviated from traditional patterns. This cycle experienced both an early and a later top, suggesting that the current cycle may also differ from expectations.
- Two signals, the DXY Correlation Coefficient and the Vigor Signal, play a crucial role in CryptoCon’s analysis. Historically, they have been precursors to price parabolas.
Hot Take:
Based on his analysis, CryptoCon envisions a scenario where both the 4-Year Cycle and Elliot Impulse Wave theories can coexist. He predicts an early top around April 2024, potentially reaching $90,000, followed by a mid-cycle bear market. The final top could touch $130,000 by late 2025. However, CryptoCon acknowledges that these predictions are not absolute and time will ultimately reveal the true path of Bitcoin’s price.
At the time of writing, the BTC price is $29,466.
By
By
By
