Is this the END of the Bitcoin bull market?

Media blamed the latest collapse in Bitcoin (BTC) on events such as China announced a crackdown on miners and traders in an effort to reduce “financial risks” and Elon Musk who recently tweeted that Tesla would stop taking Bitcoin as a payment method.

So is this the END of the Bitcoin bull market?

My answer is NO! This is because the latest price correction fits nicely with a recurring pattern that PRECEDES the parabolic phase of every Bitcoin bull market in history.

Let’s take a look at the chart of Bitcoin from 2014–2017 and it can be observed that the King of Crypto has a clear history of 4 phases, each averaging about 320 days, as follows:

Year 1 — Bearish, the pink rectangle.

Year 2 — Neutral, the yellow area.

Year 3 — Bullish, the green rectangle.

Year 4 — Parabolic, the blue section. This is where the lion’s share of the gains from the entire 4-year Bitcoin cycle is made because prices go absolutely nuts to the upside. Bitcoin surged as much as 20-folds while other cryptocurrencies rise even more.

In the transition from the Bullish year to the Parabolic year, there is always a significant price correction, ending in a cyclical low. Historically, this correction is often sharp and scares away inexperienced Bitcoin investors. But subsequently, it paves the way for huge gains which are far larger than the gains that might have been possible during the Bullish year of the 4-year Bitcoin cycle.

Each new 320-day cycle begins when the previous one ends, and usually ends with a significant correction.

All my research tells me that we are PROBABLY at the transition point between the Bullish year and Parabolic year in the current cycle. Right now is that singular point in time which marks the onset of the parabolic phase in the crypto markets — a period that could be 1 of THE premier wealth-building events of our lifetime! Personally, I am expecting Bitcoin to hit US$100,000 PROBABLY by 4th Quarter of 2021. We need to take note that crypto assets are risk assets and extreme price volatility is to be expected. But this year’s events have proven, once again, that the profit potential is GREATER than that of any other asset class.

** Please note that what is being shared in this article is NOT meant to be regarded as an advice or a recommendation, it is meant for EDUCATIONAL AND INFORMATION PURPOSES only and it does not constitute an investment advice, an offer or solicitation to purchase or sell the investment asset classes mentioned. **