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Trump or Harris? Bitcoin’s Price Surge Is Unfolding Exactly As We Predicted Back in October 2023!

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Author

Markus Thielen
November 03, 2024

Trump or Harris? Bitcoin’s Price Surge Is Unfolding Exactly As We Predicted Back in October 2023!

👇1-14) Our Bitcoin cycle analysis has proven the most accurate over the past two years. Though some of our calls were controversial then, they have been prominently featured by leading crypto media outlets. During the depths of the 2022 bear market, when Bitcoin was trading at $20,635, we published a bold forecast on October 28, 2022, predicting that Bitcoin would begin its ascent in November 2022, with an intermediate price target of $63,140 at the 2024 halving (the actual price the halving: $63,491). Remarkably, this 15-month prediction was off by only 0.5%.

👇2-14) By June 22, 2023, Bitcoin had reached a new one-year high. According to our analysis, published in early July, this marked the end of the 2022 bear market and the start of a new bull market. Our quant model projected a rally to $68,539 within twelve months, and remarkably, by June/July 2024—and even today in November—Bitcoin is trading around the $68,000 level. While this forecast seemed overly optimistic on July 6, 2023, our cycle analysis has been highly accurate, successfully predicting the bear market bottom and mapping a potential trajectory into the halving and beyond.

Bitcoin is following the path we predicted in October 2023

👇3-14) While our July 2023 analysis forecasted a much higher final cycle top, we supplemented our cycle models with additional quant models, including our January Effect models. These models projected intermediate tops at $45,000, based on our January 2023 analysis, and $70,000, based on our January 2024 analysis.

👇4-14) In October 2023, we published a report combining these cycle and quant predictions, which accurately anticipated deeper corrections. Specifically, it projected a drop below $40,000 in January 2024 after the $45,000 high and another decline from the 2024 halving peak back to the $50,000 area—both of which occurred. Our analysis also indicated that a rally would resume by September 2024, targeting a price of XXX (see below).

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