Following a recent idea on how Bitcoin behaves after breaking an All Time High ( ATH ) level (following a major crash of more than -50%), I've extended my research and discovered the following occurrence.
Many people (and rightly so) compare the May correction (and subsequent consolidation of June-July) to the April - October 2013 sequence. That fractal occurred after a +737.50% rise since the breaking of the (former) $32 ATH . The rise that followed the breaking of the $268 ATH that peaked on the $1245 ATH was +364.55%, i.e. almost exactly 50% of the previous rise ($32 to $268). I indicate this as 'X/2', where 'X' represents the $32-$268 rise.
If the current ATH ($64900) break-out follows that 2013 fractal and the rise that has just started following the break of the $64900 ATH ends up at 50% of the (previous) rise of the $19800 ATH break to $64900, then the new ATH can be around $138500.
Is it too far fetched of a scenario to have such an occurrence indicate a Cycle Top that accurately? Let's see. Bitcoin has certainly shown that its historic pattern tend to repeat themselves.