Technical analysis by KuroHei about Symbol BTC: Buy recommendation (3/13/2025)

2013 Market Cycle January to April 2013: • BTC price started trading above the PI Cycle Top indicator, signifying a strong uptrend. • Price consistently held above the daily 10 EMA for the entirety of the movement, confirming bullish momentum. Key Corrections During the Uptrend: Date Correction (%) DurationMarch 6-7 30% 2 days March 12 24% 1 day March 23 25% 1 day March 28 20% 1 dayApril 4 18% 1 daySummary: • Total of 5 major corrections during the uptrend. • Price consistently traded above the PI Cycle Top indicator for 70 days until reaching the top on April 10.----------------------------------------------------------------------------------------------------------2013-2014 Market Cycle October 2013 to December 2013: • BTC price began another strong uptrend, trading above the PI Cycle Top indicator starting in October. Key Corrections During the Uptrend: Date Correction (%) Duration October 24 24% 1 day November 10 20% 1 dayNovember 19-20 50% 2 days December 10 30% 1 dayDecember 13 29% 1 dayTransition to Downtrend: • A double top pattern emerged after the December corrections. • The price fell below the 10 EMA, signaling the start of a bear market. Summary: • Price traded consistently above the PI Cycle Top indicator for 46 days until the top in December 2013. ----------------------------------------------------------------------------------------------------------2017-2018 Market Cycle May 2017 to December 2017: • BTC price began trading consistently above the PI Cycle Top indicator in late May 2017. Key Corrections During the Uptrend: Date Correction (%) Duration May 25-27 30% 3 days June 12 39% 35 days September 2 40% Shorter than June November 8 30% 1 day December 8 23% 1 daySummary: Despite temporary corrections, the price maintained its uptrend and traded above the PI Cycle Top indicator for 80 days until the top on December 17.---------------------------------------------------------------------------------------------------------------2020-2021 Market Cycle December 2020 to April 2021: • BTC price began trading above the PI Cycle Top indicator on December 17, 2020. Key Corrections During the Uptrend:Date Correction (%) Duration January 9 30% 19 daysFebruary 22 25% 6 days March 14 18% 12 daysSummary: • Price maintained its uptrend and traded consistently above the PI Cycle Top indicator until the cycle top on April 14, 2021.Overall Observations Across Cycles: 1. The PI Cycle Top indicator serves as a reliable reference for identifying strong uptrends. 2. Corrections of 20%-50% are common but often see recoveries above the 10 EMA or 50 EMA, depending on the market phase. 3. Prolonged trading above the PI Cycle Top indicator (ranging from 46 to 80 days) often precedes market tops. 4. Patterns of corrections and recoveries provide insights into market sentiment and momentum during each cycle. Additional Insight: • Over the cycles, every time the price consolidates above the PI Cycle Top indicator and forms a base over or around daily 10 EMA, it has indicated the start of an uptrend movement that eventually leads to the market top. 2013201420172020