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Bitcoin Chart Analysis: Is the Current Cycle Over?

💡 Key takeaways

The source article discussed a Bitcoin price near a reported class="kgk-takeaway-text"24,000 all-time high and a roughly 12% pullback. These are historical source figures, not current market data or a forecast.

Bitcoin’s price had risen sharply and then experienced a major correction, leading some investors to ask whether the bull cycle had ended. This article translates the source’s technical and fundamental analysis. Its market levels and strategy labels reflect the source’s historical discussion, not current prices or investment advice.

Bitcoin fell: is the cycle over?

The source article says Bitcoin fell after reaching a reported all-time high of about US

24,000. It describes the decline as worrying and asks whether it might signal the end of the bull cycle. The price is a historical figure from the source, not a live quote.

RSI divergence as a warning signal

The source notes RSI divergence around the time Bitcoin set a new high and describes it as a possible sign that upward momentum was weakening.

What is RSI divergence?

RSI divergence occurs when price and the Relative Strength Index move differently—for example, price reaches a new high while RSI makes a lower high. It can be a warning of a possible correction, but it does not predict one with certainty.

Bitcoin fell 12%: is that a lot?

The source says Bitcoin had fallen about 12% from its all-time high and describes the correction as significant. Looking at percentage changes can help put a move in context.

Look at percentage changes

Instead of focusing only on the number of dollars, compare a move as a percentage to understand its relative size and compare it with other assets.

All-time high

An all-time high is the highest price an asset has reached up to a particular point.

The Bitcoin “sale”: when will it end?

The article compares a correction to a “sale” that might give investors a chance to buy at lower prices. It also says no one can know when the decline will end or whether prices will fall further. A price drop is not proof that an asset is cheap.

Wave analysis: Wave 1 within Wave 3

Using an Elliott Wave interpretation, the source suggests the earlier advance might have completed Wave 1 within a larger Wave 3.

Wave 1 within Wave 3

In Elliott Wave theory, Wave 3 is often described as a strong wave with substantial price movement. This is one technical-analysis framework, not a confirmed market outcome.

Strong B and finding a target

After Wave 1, a correction could take a Wave 2 form, including a Running Flat or a “Strong B” pattern, according to the source’s analysis.

Wave 2 Running Flat

A Running Flat is a corrective pattern in which the price does not retrace deeply, as the source describes it.

Strong B

The source uses “Strong B” for a corrective pattern in which Wave B rises above the start of Wave A. This terminology and interpretation should be checked before use in a trading decision.

Analyzing support and resistance

Support and resistance levels are used in technical analysis to assess areas where price may pause or reverse. They are not guaranteed turning points.

Time targets

Time analysis attempts to estimate when a price change may occur. Such estimates are uncertain and can fail.

Bitcoin’s four-year cycle

The article links a four-year Bitcoin cycle to Bitcoin halving events. A historical cycle does not guarantee that the same pattern will repeat.

Bitcoin treasury companies and fundamental views

The source treats companies that hold Bitcoin in their treasury as a positive factor for the market. Company holdings do not establish a guaranteed price direction.

What is a Bitcoin treasury company?

The article uses this term for a company that holds a substantial amount of Bitcoin.

Long-term holders sell while institutions buy

The source discusses selling by “OG” (early or long-time holders) alongside purchases by institutional investors as a market dynamic.

Trading volume: where did retail traders go?

The source suggests lower retail trading volume may signal a change in market participation.

Retail trader

A retail trader is an individual investor trading in a market.

Liquidation heat maps and “gamblers”

A liquidation heat map is used to visualize price areas where leveraged positions may be forcibly closed.

Liquidation point

A liquidation point is a price at which a trader’s position may be forcibly closed if the trader cannot meet margin requirements.

Why does the source recommend saving in Bitcoin?

The source recommends accumulating Bitcoin for long-term investment. This is the author’s view; Bitcoin is volatile and this is not a suitable strategy for every investor.

Bitcoin saving: SSS (Z Stacking Strategy Simulation)

The article presents SSS as a long-term Bitcoin accumulation strategy. The term and simulation details are not explained or independently verified.

Portfolio

A portfolio is a collection of investments or assets.

SSS (Z Stacking Strategy Simulation)

The source describes SSS as a strategy that focuses on accumulating Bitcoin over time.

Ways the source discusses accumulating Bitcoin

The article names several approaches, including Buy the Dip and a conservative option. These labels do not remove the risk of loss.

Trend Base

The source uses “Trend Base” for analyzing the direction of a price trend.

Accumulate Unused Feat

The source uses this phrase for accumulating an asset while its price is in a downtrend. The wording is unclear and is retained as written.

Buy the Dip

Buy the Dip means buying an asset after its price has fallen. A further decline may still occur.

Conservative Option

The source uses this term for an approach intended to emphasize safety, but it does not define the method.

Cash Scale Put

The source uses “Cash Scale Put” for a strategy involving buying an asset after a price decline. The term is unclear and the method is not specified.

Covered Call

A covered call is an options strategy that involves holding an asset while selling a call option on it. It can limit some upside and still carries risk.

Conclusion: the source encourages saving in Bitcoin

The article concludes that long-term Bitcoin accumulation remains an interesting choice despite a correction. This is a viewpoint, not a guarantee that Bitcoin will recover or appreciate.

Bitcoin market conditions

Market conditions change; the list below reflects topics in the source article, not current market data.

  • Bitcoin fell from its reported high.
  • RSI divergence.
  • A reported 12% Bitcoin decline.
  • The source’s “Bitcoin sale” comparison.

Technical analysis

The source combines indicators and chart patterns to interpret possible market scenarios.

  • Elliott Wave analysis.
  • Strong B.
  • Finding a target.
  • Support and resistance analysis.
  • Time analysis.

Fundamental view

The article also discusses holders, institutions, and company treasuries as possible market factors.

  • Bitcoin treasury companies.
  • Selling by OG holders.
  • Institutional buying.
  • Trading volume.
  • Liquidation heat maps.

Bitcoin accumulation

The source describes several accumulation approaches; each has different risks and assumptions.

  • Why the source recommends accumulating Bitcoin.
  • SSS (Z Stacking Strategy Simulation).
  • Ways to accumulate Bitcoin.
  • Buy the Dip.
  • Conservative Option.

Summary and outlook

Bitcoin’s future price is uncertain. Review current data and consider the possibility of loss before making an investment decision.

  • The four-year cycle.
  • The source’s conclusion encouraging Bitcoin accumulation.

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Original video

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KGK

Kanngongkanngoen Editorial Team

We create clear educational content about personal finance, investing, and debt management, with an emphasis on accuracy and transparency.