Bitcoin got rejected at the $124k area and slipped back below $117k.
The Fear & Greed Index has returned to neutral, leaving investors wondering - was this the top?
What’s coming next?
The 1-Week and 2-Week cycles are already showing a reversal pattern, which usually signals a clear market top.
But there’s still one warrior left - Bitcoin’s Weekly Cycle.
Quick reminder: Bitcoin moves in Weekly Cycles, which can be bullish or bearish.
Bullish cycles usually last 26–31 weeks - about three 60-day cycles.
Two are typically right-translated (top forms after the 30-day midpoint).
The last one is usually left-translated (top forms before the 30-day midpoint).
A left-translated cycle means the next bottom will be lower than the previous one.
Right now, we’re in Week 18 of the bullish Weekly Cycle, with two 60-day cycles already behind us.
Master, does this mean the cycle is left-translated and we’ll make a lower low?
Sadly… yes.
However - this is also the euphoria cycle!
Even during the left-translated cycle, crypto tends to rally for a few weeks, only to reverse sharply and spend the next 1.5 months in a downtrend.
Wait, so it means… we topped?
Well, take a look yourself:
We’re currently on Day 13 of the 60-day cycle, still above the previous low at $112k.
The first indicator (dark blue line) tracks daily Bitcoin movement.
When it rises, price usually follows - but how far, we don’t know.
If price doesn’t break $124k before the 1-Day Cycle line goes above 80, the bullish cycle is most probably over.
Master, you still have hope that we will go higher?
Yes. Why we could still go higher:
The 3-Day Cycle is extremely accurate at predicting tops.
In late 2024, Bitcoin hit $108k (a new ATH and Weekly Cycle high) while the 3-Day Cycle was far from peaking.
Once the 3-Day Cycle topped, price retested and even exceeded the highs.
Now, the 3-Day Cycle is at 52 and rising, suggesting room for more upside.
Weekly Cycle peaks are usually explosive.
Historically, during Weekly Cycle tops, Bitcoin breaks well above previous highs, trapping retail traders.
This time? Bitcoin retested ATH and dropped — no euphoria, no WAGMI, and the Fear & Greed Index didn’t even pass 68.
The Weekly Cycle (red line) hasn’t touched 80 yet.
But what if this really was the top? Is it time to sell everything?
The beauty of Cycle Indicators is that you don’t have to guess. You can simply…
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