Bitcoin technical analyst CryptoCon has recently put forth an intriguing Alternate Theory that suggests a deviation from the norm in the cycles that typically govern the cryptocurrency’s market movements. According to this theory, Bitcoin cycles might be on the verge of leaping ahead by a significant six months, potentially indicating a cycle top in mid-2025.
The basis for this theory lies in the observations of key indicators, some of which are showing early signs of alignment with CryptoCon’s Alternate Theory. Notably, the monthly Stochastic has just reached its peak, a phenomenon usually associated with Red Years when Bitcoin achieves new all-time highs (ATHs).
Analyzing historical data, CryptoCon notes that each touch of the red line on the stochastic indicator has preceded Bitcoin’s final top by approximately one year. The question then arises: Could the Alternate Theory hold true? Is Bitcoin’s cycle top approaching earlier than anticipated?
However, CryptoCon remains cautious in drawing definitive conclusions, emphasizing that price action has yet to confirm any significant deviations from established cycles. The real test, according to CryptoCon, would be if Bitcoin attains new ATHs ahead of its usual schedule.
BitcoinPrice Action Rules: Waiting for Confirmation
Contrary to the Alternate Theory, the widely accepted Halving Cycles Theory proposes that the next cycle top will occur within a window of +/- 21 days from November 28th, 2025. This theory, devised earlier this year, has proven remarkably accurate in its predictions, with price movements consistently validating its forecasts.
Key milestones supporting the Halving Cycles Theory include the cycle bottom occurring within +/- 21 days of November 28th, 2022, identifying optimal buying prices during green years, the first early top within +/- 21 days of July 9th, 2023 (indicated by a yellow dot), and a return to the median price (half of the previous ATH, standing at $34,500) during a green year.
CryptoCon maintains a cautious stance, asserting that until concrete evidence emerges to the contrary, the status quo remains. However, the analyst advises preparedness for any potential deviations from the established patterns.
In a related observation, CryptoCon drew attention to Bitcoin’s recent powerful move, catapulting it to the maximum limit on the Ichimoku Oscillator. Traditionally, such a surge has sparked every bull run parabola, culminating in a top within a year.