Looking Forward

Where will Bitcoins next cycle high be? And what does the next phase look like?

Gm everyone, and welcome back to another edition of Syko Therapy.

Truth be told, not much has changed over the last week within the Crypto markets. Like I said in last weeks edition, we are very likely within the final period of this bear cycle, and within that period, everything moves very slowly… until it doesn’t.

Within the first part of corrections you have the price capitulations, and then within the second half of the correction, you get the time capitulation. The end of the price capitulation was on Feb 6th when we first hit $60,000. Since then, we have been mostly ranging, and once we lost our $74,000 level, we have been grinding sideways/down for nearly two months now. I love these markets, but I have to admit even I am starting to get bored now. But that is what comes with this territory. It’s called time capitulation because that is exactly what it does. The time the markets take to bounce around slowly and basically do nothing, is what ends up pushing the last staunch holders over the edge into giving up.

After large corrections like we have just had, fear and pain are the dominating sentiments within the collective Crypto holders. And this kind of time we have where nothing is happening, slowly eats away at remaining confidence. It is a very effective, destructive game. However, as with most things in this market, you have to adopt the opposite mindset of what the overall collective sentiment is telling you.

What is actually happening during these slow periods is that Bitcoin and the wider market is finding its feet, putting in a new floor and building the next base that it will eventually launch higher from. So during these periods of slow time where we start to feel bored and annoyed, is actually when we should be feeling calm and excited, because what comes after this period of seemingly unending sideways chop, is the fun part. And when it starts, it starts with a bang and keeps on going.

So, with this in mind, todays edition is going to be about that fun part. With the markets in a similar position to last week, with nothing having changed about my overall analysis, I am dedicating this edition to what is coming next, how it will likely look, and what we can expect from Bitcoin and the wider market over the next bull cycle.

A quick update on BTC and ETH to refresh your memories but then we will get straight into the fun stuff.

Let’s get it!