so off historical trends we have to get into the yellow region on the chart to peak in the 2021 crypto bullmarket cycle... we are currently at red which is only just past the start of the bullmarket...
I believe the colors represent the time till the next halving dates... as crypto market cycles evolve around the bitcoin halving date...
the last halving date was mid 2020 ... May was it..
I'm expecting bitcoin to reach $290,000us this market cycle... it could hit $400k though...
but I'm expecting it to then fall to $40k, $50k by the bottom of the next bear market...