In Thursday’s Bitcoin — Where Cycle Studies Meet Risk Tolerance, we discussed how Bitcoin’s Daily Cycle timing, support, and price compression were converging to create a potential opportunity.
At Day 30, Bitcoin was approaching a potential Daily Cycle Low while consolidating between its declining 10-day MA and rising 50-day MA.
Friday morning brought another encouraging development.
Bitcoin is developing a Daily swing low, adding evidence that the anticipated DCL may be forming.
The Daily TSI is also beginning to bottom, reinforcing the developing improvement in price behavior.
However, the swing low remains provisional until the Daily candle is complete. A confirmed swing low followed by a close above the 10-day MA would confirm the DCL.
The Takeaway
Cycle timing identified where to anticipate a potential turning point. Price behavior is now beginning to reinforce that expectation.
The evidence is improving, but confirmation must still be earned.
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