Bitcoin Market Cycles - 17th April 2023

Bitcoin approaches a 20 week nominal peak, a crucial point for the longer term phasing as it enters a fascinating 6 months ahead. We look at the long, medium and short term price action in this report

Apr 17, 2023

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Analysis Summary

The 18 month ‘nominal’ component low in cryptocurrency and, more specifically, Bitcoin was established in November 2022, amongst some grinding and sideways price action. With the somewhat reinvigorated 80 day component (~ 65-75 days) now regaining clarity we can start to assess the phasing of the crypto king with more confidence at the short and medium term. Price has reached and slightly exceeded the 18 month FLD cross at 29310, as shown on the long term Sentient Trader phasing analysis below. Price is now due a nominal 20 week component peak.

Bitcoin Market Cycles - 17th April 2023

Bitcoin approaches a 20 week nominal peak, a crucial point for the longer term phasing as it enters a fascinating 6 months ahead. We look at the long, medium and short term price action in this report

Analysis Summary

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