It’s clear to see why I think this bull market could peak in August/September when we study past cycles.
There were nine months above each previous all-time high in both the 2013 and 2017 bull markets.
December 2020 was Bitcoin’s first monthly close above its previous $20,000 all-time high.
Nine months from December 2020 is August 2021.
But as I mentioned in today’s video, Ethereum peaked a few weeks after Bitcoin during the 2017/early 2018 bull run.
With that in mind, we may see another two to four weeks of altcoin gains following Bitcoin’s 2021 top, wherever that might be.
I’ve heard arguments for a 2022 peak, but that doesn’t agree with what BTC did in 2013 and 2017.
Some have gone so far as to claim that this crypto bull market will never end.
And maybe they’re right.
But it’s easy to say that when you’re staring at 1,000% gains in your portfolio.
That’s the emotional side of your brain talking, not the logical side.
Until the charts prove otherwise, I have to assume that what has happened before will happen again.
A pattern is a pattern until broken, and this one is still intact.