Bitcoin News
By Pankaj K
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A Spiral, a Countdown, and Three Resistance Walls. The second chart takes a different visual approach. It plots Bitcoin's price history on a spiral,…
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Benjamin Cowen's Timing and the October 2026 Question. Analyst Benjamin Cowen has separately tracked Bitcoin peaks occurring near specific days within…
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Bitcoin is close to $60,000 right now. It dropped roughly 5% in a single day, and it's sitting about 50% below its all-time high.
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The core argument is simple: Bitcoin still runs on a four-year cycle, and the bottom of that cycle hasn't arrived.
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The second chart takes a different visual approach. It plots Bitcoin's price history on a spiral, with each four-year cycle forming its own arc.
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Then there's the third chart, and it's probably the most immediately useful for anyone watching price levels day to day.
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As Bitcoin approaches a 50% drawdown near $63,000, that's a rough spot to be in.
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More context: Bitcoin Hovers at $60,300 as Sellers Show Signs of Running Out of Steam
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But it's worth being honest about the uncertainty here. Several things could break the pattern.
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The bullish case basically needs one thing: a weekly close above $78,900. That's the 200-day average, and it's the level analysts keep coming back to.
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There's also a more basic point that gets lost in the cycle theory debate. Bitcoin at $40,000 would still be a historically significant price.
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More context: Bitcoin Plummets Below $61K as Strategy Sells and Peter Schiff Eyes $20K Floor
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The layered resistance levels — $75,100, $77,000, $78,900 — aren't going anywhere soon. Each one represents a cluster of sellers waiting to exit.
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