nickthomas2@benzinga.com
4 min read
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Steve Courtney, a prominent crypto analyst and CEO of Crypto Crew University, has issued a stark warning to Bitcoin investors, highlighting June as a potentially decisive moment for the cryptocurrency’s current market cycle. In a detailed technical analysis shared via Crypto Crew University, the trader presents evidence that Bitcoin follows predictable cyclical patterns, with the current cycle reaching a critical juncture this month.
The analyst’s thesis centers on a remarkably consistent pattern observed across Bitcoin’s historical cycles on six-month timeframes. Every Bitcoin cycle allegedly follows the same structure:
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Bullish Engulfing Candle: A green candle with a body larger than the preceding red candle marks the end of each bear market
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Four-Candle Sequence: Following this pattern, Bitcoin consistently produces exactly four six-month candles before reaching the cycle top
This pattern has repeated “like clockwork” across multiple cycles, creating what the analyst describes as a predictable roadmap for market timing.
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Applying this framework to today’s market reveals a potentially pivotal moment. A bullish engulfing candle occurred in 2023, ending the previous bear market. Since then, the analyst counts three subsequent six-month periods, placing us currently in the fourth and final candle of the sequence.
Crucially, this fourth candle closes at the end of this month, making the current period what the analyst calls “do or die for Bitcoin.”
Beyond pattern recognition, the analysis emphasizes candle structure quality. The ideal scenario involves each successive candle showing slightly larger bodies, indicating strengthening momentum and healthy growth. The 2017 cycle serves as the “gold standard” for this structure.
The current cycle has demonstrated “beautiful structure” through its first three candles, with each showing the desired progression of larger bodies, suggesting healthy market development.
An additional factor involves consecutive green (positive) candles. Historical data shows:
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Past cycles typically produced four consecutive green six-month candles (66% of the time)
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The exceptional 2017 cycle achieved five consecutive green candles
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The current cycle has already printed four consecutive green candles and is in its fifth
