BTCUSDT Analysis by @jbcycles

The analysis suggests a major top is coming for Bitcoin between May 2023 and 2025. Short-term analysis uses a four-week cycle, forecasting a bearish trend into late next week, with a potential break below the trendline. It anticipates a higher high in June, but a potential roll-over afterwards. The seventeen-week cycle suggests a low in August, potentially leading to a breakdown. Examining a 3.5-year cycle, the current position resembles a double top formation similar to that of 2021, with a bearish trend expected into the spring or early summer of the coming year, anticipating a breakdown into August.