Monday 17 May 2021

Bitcoin: Lengthening Cycle Theory Strikes Back

With the recent pullback we have to wonder if lengthening cycles will in fact stand the test of time. With that said, even with the pullback, we are still on track with the prior cycle. So while the pullback certainly has people feeling bearish, we know that the price of Bitcoin can be somewhat resilient. Will Bitcoin be able to keep pace with cycle 3? So far it is basically right on par with it. TA Video by Benjamin Cowen.