The 5.618 extension of the first move of the cycle (candle body & after bear market downtrend) has had a near-perfect hit rate for all major Bitcoin highs.

The magic number this cycle... $184,181.

Bitcoin Data Newsletter | Friday Video Update

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Using the RSI of Google Trends Data for Bitcoin searches, we can see when people start to get interested and use that to determine where we are in the cycle.

There are 5 main places people start to search for Bitcoin:

1. The first price rise after the end…

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So far this cycle, Bitcoin has spent about 583 days ranging (going sideways) or about 19.5 months or 1.6 years.

By contrast, Bitcoin has spent just 175 days making meaningful price action to the upside, or a little less than 6 months.

That means most of…

People are starting to declare death to Altcoins again...

The last time I heard this was when the SEC was listing off many of them as securities and exchanges started delisting in June 2023. Coincidentally... right at the bottom.

The market has a funny…

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In order for Bitcoin to reach the next rung on this hyper-accurate extension in March (previously February), it just has to do exactly what it did last year.

Seems crazy to think about 166k next month but it's not so far-fetched.

Or, maybe it takes a bit…

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What seems more likely?

The cycle ends a year early with Bitcoin failing to get even close to true cycle top levels on data, and Altcoins go dead in the water?

Or...

The cycle remains on track to do the same thing it's done 3 times over and everything…

Bitcoin Data Newsletter | Friday Video Update