Buy Bitcoin Now

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Photographer: Luke MacGregor/Bloomberg

© 2022 Bloomberg Finance LP

Bitcoin is likely heading higher. Below, we see the price cycle projections across three time frames followed by the seasonal chart. Note that the daily cycle has already bottomed. Eleven of the last fourteen buy signals have been profitable. The weekly and monthly cycles do likewise in the coming week. The monthly histogram in chart four is based upon limited data, eight years. However, it does confirm the bottoming cycles in that bitcoin has entered into a period of favorable seasonality. In seven of the last eight Februarys, price has risen. The period from the 5th through the 20th has been the most bullish interval in this favorable month. Price is likely to rally to the $51,000 level which is a 50% retracement of the prior decline.    

Bitcoin Daily Cycle

The daily cycle has bottomed.

Cycles Research Investments LLC

Bitcoin Weekly Cycle

The weekly cycle bottoms on the 12th.

Cycles Research Investments LLC

Bitcoin Monthly Cycle

The monthly cycle also bottoms on the 12th.

Cycles Research Investments LLC

Bitcoin Seasonality

February has been a strong month for price.

Cycles Research Investments LLC

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