Predicting Bitcoin’s (BTC) Future Price

Utilizing Gann’s Square of 9 or Wheel of 24 can be useful in identifying key price and time dates in the future.

Bitcoin (BTC) rapidly drops below $7000, but how far will it go?

Bitcoin has experienced a sizeable drop during Monday’s New York trading session, dropping -4.18% from $7099.71 to $6803.24. The question everyone will be asking is: how low can or will it go? I wrote an article last night predicting the time frame of when Bitcoin may experience a reversal in the overall trend (December 26^th, 2019). These predictions were based on a series of astronomical cycles and Gann cycles that all converge within a short period of time. We are currently trading inside the beginnings of some of those cycles. While December 26^th appears to be a major convergence point in Gann Analysis, there we should identify some key price levels as well. Gann’s Square of 9 tool helps identify essential price levels that should be monitored in the future. Starting with the date of the 2019 swing high of June 26^th as out 0-degree line on the date wheel on the Square of 9, we’ll also begin with the June 26^th, 2019 high as the start of the Square of 9: $13,826. Below I will list the corresponding key date and price levels. Ascending and descending are prices above or below Bitcoin’s current price (6888).

Square of 9

90-degree time and price square: September 28^th, 2019

Prices on Sept 28^th, 2019: 8088 (close was 8065)

180-degree time: December 27^th, 2019

Prices on December 27^th, descending: 6728, 6387, 6038, 5681, 5316, 4943, 4562, 4173, 3776

Price on December 27^th, ascending: 7386, 7703, 8012, 8313, 8606, 8891, 9168, 9437, 9698, 9951

270-degree time: March 26^th, 2020

Prices on March 26^th, 2020, descending: 6644, 6301, 5950, 5591, 5224, 4849, 4466, 4075

Prices on March 26^th, 2020, ascending: 7306 7625, 7936, 8239, 8534, 8821, 9100, 9371, 9634

The price values above were used shifting the start of the Square of 9 to static price value and then populating the remaining rings around the Square of 9 with the descending values. Another way to determine the value of Bitcoin’s future price at a future date is to utilize the Patrick Mikula method of identifying the square root of a number and applying that to the Square of 9. To do this, I keep the 0-degree level on June 26^th, 2019 and then identify the price levels on those dates using the square root method. The square root of the June 26^th high (13,826) is 117.584; we round so we get 118. That’s where I start my Square of 9 tool.

Square of 9

Moving around the Square, I get to identify some new values with the price levels much farther apart from each other compared to the linear Square of 9 we did at the beginning of the article. 180-degree from 118 on the Square of 9 is direct to the right (or east), which gives me the numbers 113, 100, 79, 50, and 13. I square those values to get the price level that Bitcoin could be trading on December 27^th. Those numbers are, sequentially: 169 (13²), 2500 (50²), 6241(79²), 10000(100²) and, 12769(113²).

What does this mean?

The square of 9 in a forecasting tool. If we are looking for square of price and time (an occurrence where Bitcoin would be trading around a price level on the Square of 9 that has the same angle as the date), then on December 27^th we should expect to see Bitcoin trading at 6241 for the nearest low, 2500 for an extreme low and 10000 for a high. More than likely we will see Bitcoin trading near the 6241 value area, but not below the 2500 value area.