Bitcoin Bull Market Support Band

Market Analysis and Predictions - Bitcoin is approaching its prior all-time high of just over 123,000 [2] - Historical patterns suggest Bitcoin may continue to perform well for most of the current month, followed by a pullback in September to the bull market support band, and then a potential market cycle peak in the fourth quarter [5] - If historical patterns continue, a slight pullback in September could correspond to a final drop by all Bitcoin pairs potentially to the range lows [10] - The analyst estimates that all Bitcoin pairs will find a local top around late August [12][13] - Ethereum's valuation is likely to continue to increase against Bitcoin for the next couple of weeks [16] Bull Market Support Band - The bull market support band currently ranges from around 105,000 to 107,000, and is moving up [7] - If the price were to stay constant, the 20-week SMA would be around 110,000 to 115,000 by mid-September [9] - The analyst suggests that wherever the bull market support band ends up being in September is probably where the next pullback will be [17] Historical Cycle Comparison - Previous cycles ended around day 1,59 and day 1,67, suggesting potentially a couple more months in the current cycle [6] - In prior post-halving years, July and August were green, with a slight pullback in September before going into the market cycle top [10] - Altcoins tend to drop against Bitcoin during both Bitcoin pullbacks and rallies [11][12]