As a seasoned crypto investor with a penchant for astronomy and a healthy dose of skepticism, I find the correlation between Mercury in Retrograde and Bitcoin price movements quite intriguing, if not entirely convincing. Having weathered numerous market cycles and astrological events over the years, I’ve learned to take such predictions with a grain of salt.
For a long time, Bitcoin investors have considered various factors and occurrences to forecast the direction of cryptocurrency’s price. Given the widespread interest in astrology, it isn’t shocking that it has entered the realm of Bitcoin trading as well. Astrologers are now using it to analyze BTC‘s price fluctuations. A significant astrological event is “Mercury in Retrograde,” and an analyst has explained how this could potentially impact Bitcoin’s value.
What Mercury In Retrograde Does For Bitcoin
As a researcher studying celestial mechanics, I’d express it this way: “During certain phases, Mercury appears to be moving backward in its orbit around the sun from my perspective here on Earth. This is due to Mercury’s faster orbital speed compared to Earth, causing it to seem stationary or even reverse its direction for a brief spell. However, it’s essential to clarify that Mercury doesn’t actually change direction; it merely appears to do so because of our relative positions in space.”
In the realm of Western astrology, the phase known as “Mercury in Retrograde” is often considered to carry substantial meanings. For instance, adherents of this astrological perspective tend to advise against initiating fresh endeavors during this period, such as starting a new job or embarking on a new project. They suggest that during this time, plans and actions might be temporarily halted or encounter unexpected delays.
A cryptocurrency expert named PS Trade has linked the Bitcoin price fluctuations to the astrological event of Mercury being in retrograde. According to this analyst, they’ve noticed a recurring pattern in Bitcoin’s price changes when Mercury goes backwards.
As an analyst, I’ve identified two distinct patterns consisting of 4 and 9 phases respectively. The 9-phase cycle, marked by Mercury in retrograde, tends to indicate a prolongation of the bearish trend. On the other hand, the 4-cycle phase under Mercury in retrograde often suggests that the existing bullish growth trend will persist. According to PS Trade’s analysis, the four cycles of Mercury in retrograde generally signal an extension of the bearish market trend, while the nine cycles typically indicate a continuation of the current bullish growth trend.
Starting on August 6, 2024, and lasting until August 28, 2024, Mercury will be in retrograde motion. During this period, there may be optimism for an ongoing price recovery as the analyst has pointed out. At present, Mercury’s retrograde is on its fifth cycle, which falls outside the usual 4-cycle bearish range that signifies a downturn or correction.
Looking ahead, the cryptocurrency expert’s graph indicates a consistent upward trend in pricing over the coming year. This growth spurt is anticipated to propel Bitcoin prices to unprecedented peaks, reaching approximately $1.3 million each in November 2026, just shy of that level.
According to these predictions, the value of Bitcoin could potentially increase more than 2,000% within the subsequent two years. Consequently, if this occurs, the overall cryptocurrency market would surpass a valuation of $10 trillion, with other altcoins experiencing growth as well.
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2024-08-08 21:11