Bitcoin long range - 16 October 2024
You will come across specific terms in these notes (FLD, VTL, and so on). Rather than explain them each time, you will find definitions here: guidance notes for Hurst cycles terminology.
Bitcoin - 54 month cycle upswing analysis.
In Monday's macro outlook we noted that Bitcoin was heading higher with the next inflection an 80 day cycle peak. In the chart we also showed that the early September trough was that of a 20 week cycle. In this update we want to show the broader context, which among other things has that 20 week cycle trough likely also an 18 month cycle trough. Which is meaningful of course as it is much more bullish.
