![The 'Next Big Bitcoin Move' is Happening in the Next 5-10 weeks According to Top Analyst - Here Are Lowest and Highest BTC Price Levels](https://captainaltcoin.com/wp-content/uploads/2023/10/Solana-chart-1.png)
A crypto expert, CryptoCon, recently did an analysis of Bitcoin’s price cycles from 2010 to the present using the Gann Square method. This technique looks at previous market cycles and uses them to forecast future price highs and lows.
Gann Square Method Has Historically Identified Bitcoin Cycle Highs
According to analyst CryptoCon, the first Bitcoin price cycle from 2010 to 2014 topped out precisely at Gann Square level 4. The second cycle from 2015-2018 peaked slightly above level 5. The current cycle running from 2018-2022 also hit its high right at level 4.
![](https://captainaltcoin.com/wp-content/uploads/2023/10/image-312-1024x539.png)
Based on this pattern, CryptoCon predicts the next Bitcoin cycle top will occur at either level 4 again around $89,000, or extend slightly higher to level 5 near $135,000. The $135,000 target aligns with his other price models including the N28CT and Trend Pattern methodology.
In his analysis, CryptoCon uses the blue 2×1 fan line as Bitcoin’s fair value baseline. Drawing this line to a cycle high date of November 28th based on halving cycles theory, the resulting Gann Box perfectly contains the previous two cycle tops. This adds confidence to the predictive power of the model.
CryptoCon explains that $89,000 represents a modest exceedance of the 5.3x multiple implied by Bitcoin’s diminishing returns growth curve. Meanwhile, $135,000 matches with his N28CT formula which has accurately forecast cycle highs by counting 28 weeks from each halving.
The Gann Square method provides an independent, technical model to complement CryptoCon’s fundamental cycle analysis. By identifying critical support and resistance levels well in advance, it gives traders key price zones to watch for tops or bottoms.
Past performance does not guarantee future results. However, the accuracy of Bitcoin’s repetitive four-year boom-and-bust pattern lends credence to such cycle analysis techniques. If the Gann Box levels continue acting as strong reversal points, Bitcoin’s next peak should materialize between $89,000 and $135,000.
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