Bitcoin Price: Can Cyclical Tools Predict The Next Bubble? | BTCUSD November 7, 2022

In this episode of NewsBTC’s daily technical analysis videos, we examine major Bitcoin price troughs with Hurst Cycle Theory and cyclical tools to consider if the bottom could be in and if another bubble is coming. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): November 7, 2022 In this video, we use Hurst Cycle Theory and its several key principles to go through the process of phasing out Bitcoin market cycles to predict when the cryptocurrency will begin to rise again. Cycle analysis consists of visual analysis, using a spectrogram, phasing the dominant cycle, phasing any internal wave harmonics, then completing the phasing process on the chart. Here is a closer look at that process: Related Reading: MATIC On The Move After Polygon Tapped By META | MATICUSD November 3, 2022 Bitcoin Cyclical Behavior Analyzed To assist with the visual analysis, each Bitcoin halving has been included. The halving has been a widely-discussed driver of internal supply and demand mechanics. We know that Bitcoin bottoms out visually prior to each halving. The log growth curve has also been included for visual assistance. The next step is to turn on a spectrogram. A spectrogram is a visual heatmap of the spectrum of frequencies of a signal as it varies with time. The more green heat, the stronger the bullish intensity. In contrast, the more purple heat on the map, the stronger the bearish intensity is and that’s w...