These cycles, he explains, should be viewed from “trough to trough.” The troughs are the darkest moments in the market, but they also represent the point of maximum financial opportunity. As these cycles progress, Bitcoin transitions through periods of increasing optimism, eventually arriving at what the analyst calls the “cyclical crest.” These crests, highlighted in red in his chart, are the periods where Bitcoin has reached its point of maximum financial risk.
The analysis uses a cyclical lens that many in the crypto community (both bulls and bears) agree holds significant relevance. Notably, Tony Severino focuses on the concept of Bitcoin’s four-year cycles and how troughs and crests have consistently marked the periods of greatest opportunity and greatest risks for investing in Bitcoin.
The Bitcoin price has even gone ahead to correct as low as $78,780 in the second week of March, triggering reactions as to whether the crypto has already reached its peak price this cycle. Related Reading: Inverse Head And Shoulders Breakout Suggests Bitcoin Price Is Headed To $300,000 However, Bitcoin might not be in the woods yet, as not all crests are followed immediately by market tops.
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