
Is the 4-year cycle dead? Before I answer i'd like to point out 2 things. I thought btc would top here at 70k i was wrong. Second, this line that extends all the way back from 2018 has been insanely accurate. Go above = Bull Run Go below = Bear Market (Usually a 30-50% drawdown after breakdown) But for the first time this bear market, it has formed a bullish deviation below the line. This really is amazing to see. (still have to wait for weekly close, but seems likely we close above) BUT ALL OF THIS DOES NOT INVALIDATED THE 4-YEAR CYCLE, (yet...) The only way the 4-year cycle is invalidated is ONLY if we don't see a btc bottom around october (maybe late septemebr, early november). Now does this chart say the 4-year cycle is less likely to playout? Absolutely. The fact of the matter is, it still is not broken, and you have to be careful who you're listening to. The indicated arrow is NOT a prediction, it is a representation of what we need to objectively conclude that we have entered a bull market. hope this helps
