- Bitcoin analyst predicts a strong bull cycle followed by a severe crypto bear market.
- The unconventional prediction is based on a right-translated 12-year cycle.
- Most reponses do not seem to agree with this analysis.
A Bitcoin trader and technical analyst says the coming bull cycle will be a good one. However, he also says that this coming bull run will lead to the greatest bear market in crypto. Moreover, he says this will happen over the next year.
As we can see from the tweet above, the analyst explains his take on the matter. To start off, he says he thinks of himself as a contrarian and is fully expecting a left-translated four-year cycle peak to occur for Bitcoin soon.
Although, he says this bull run will happen before the Bitcoin halving event. This is contrary to almost every other Bitcoin bull prediction other analysts have made so far. Almost every bullish price prediction for Bitcoin says the bull run will take place after the Bitcoin halving event.
Coming back to the post, the analyst says this coming bull run will happen before the Bitcoin halving event due to a right-translated 12-year cycle peak. He goes on to elaborate this right-translation via a Bitcoin price chart.
Specifically, he says the intracycle dynamics began to change after the 12-year cycle crest. Therefore, the analyst states, the inflection point where BTC is held in reserves will begin to decline for the first time ever.
Moreso, he says the cycle peak will come when nobody expects it to. Also, he is adamant that the peak will precede the worst bear market ever. This analysis comes from what he observes to be the completion of the first ever Elliott Wave 12-year supercycle.
In response to the tweet, many fail to find weight in the theory as Bitcoin (BTC) is over 14 years old and has not experienced a 12-year cycle. This is one of the biggest reasons traders do not pay heed to the analyst’s opinion.
Meanwhile, others say the analysis comes right when the crypto market seems to be facing the worst case of FUD. Similarly, another response chimes in with the thought that although there will be a bull run, it won’t beat $100,000 BTC value as the global sentiment seems to be unsteady, especially in retail and the looming inflation.
