Hello Everyone!
Welcome back to the Bitcoin Data Newsletter Premium!
Last newsletter, we talked all about the path to the cycle mid-top.
Price for now has continued to stall at the important 38k resistance I have been talking about for quite some time.
Here was my previous projection:
And here’s what we’ve seen so far:
The short-term path seems to have been followed pretty closely, with a drop followed by a secondary push higher.
But now the more ambitious part of the prediction looms, a path nearly straight up to 48k? Is that even possible?
I’ll be providing my updated thoughts here in today’s newsletter.
Tomorrow marks an important day for Bitcoin. For those who are familiar with my work, November 28th may ring a bell.
The November 28th Cycles Theory was created on January 3rd, 2023.
It has been accurate in every single one of its predictions for Green Year (accumulation):
A bottom +/- 21 days from Nov 28th, 2022
The best cycle buying prices
A return to the median ($34,500)
So far, it has been true, Bitcoin operates around the date of the first halving: November 28th, 2012.
It can tell us when Bitcoin tops and bottoms and what happens in each year.
It has now evolved into two models, which only add to the claims of the N28CT:
The Halving Cycles Theory
BitTime
Tomorrow, November 28th, 2023, we ring in the new Bitcoin year, Blue Year.
Using the Halving Cycles Theory and BitTime, we’re going to answer these questions:
What happens in Blue Year?
When does the cycle mid-top come?
When is the next good time to buy?
How will outside factors (ETFs/Recession) influence the Theory?
All of this is to be answered, as well as my expectations for the shorter term!
Let’s jump right in!
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This Newsletter Will Cover…
Short-Term Expectations
The Evolution of the Nov 28th Cycles Theory
What Happens in Blue Year?
When Does the Cycle Mid-Top Come?
When is the Next Good Time to Buy?
Summing Up My Thoughts
What Should You Do?