There are different predictions and opinions about the functioning of the market. Not only the crypto market but at this one, I'm interested the most. And, of course, about Bitcoin at most.
I saw an interesting interview between Ivan Liljeqvist and Tyler Jenks, which you can find on YouTube Channel Ivan on Tech.
Tyler Jenks is the founder of Lucid Investment, which deals with investment and portfolio management. Tyler has more than 40 years of experience in investing in capital markets, which is admirable. During that time, he went through several bear markets, just as the bear market is now going through the cryptocurrencies, led by Bitcoin.
Tyler explored the patterns of individual markets and came to a very interesting thing. The Hyperwave. In particular, the majority of markets are going through this stage, respectively through seven stages. Hyperwave was already mentioned by 
The Hyperwave by Tyler Jenks
When you look at the Hyperwave, it will be clear to you, why I am referring to it in connection with Bitcoin. That's exactly what the Bitcoin chart looks like in the past two years.
Tyler´s son told him about Bitcoin and that he thinks, it might be in the begging phase of the Hyperwave. Tyler explored it and gave him the truth. Tyler then invested in Bitcoin in mid-2017, and when Bitcoin was on top in December of that year, he turned the investment into dollars again.
Tyler also said that Bitcoin was not in the Hyperwave during 2011 and 2013, as the phase of sideways movement wasn´t long enough. In other markets, this move takes several years, sometimes decades. True, Bitcoin is new and unexplored, and so these phases may take far less time than traditional stock and commodity markets.
The Hyperwave is a way to describe a blowing bubble. At certain times, the price won’t get above a certain price range, and in others, it won’t fall below another price range.
The Hyperwave has 7 phases. In phases 1,5,7 the price stays below the line. With increasing phases 2,3,4,6 the price remains above the line.
There are several thousand stocks and markets in general, which are a long time without price movements or just with sideways movement.
Then there is a smaller number of those who are already in phase 2 of the Hyperwave. They have a 20% chance of going to phase 3.
In wave 3, there is an 85% chance to finalize a complete Hyperwave.
Those who achieved the 4th phase of the Hyperwave almost always completed the entire Hyperwave cycle. Which means some heavy price collapse come. Tyler even states that the probability of completing the Hyperwave is then 100%, according to his research.
Tyler examined thousands of graphs and discovered a Hyperwave in several hundred of them. It's probably not a coincidence, it's just about the human psyche, crowd psychology and response to prices.
According to Tyler Jenks, Bitcoin will return to $ 1,000. Because, according to The Hyperwave theory, the price of the asset returns after The Hyperwave below its original value. And according to Tyler, the Hyperwave started at $ 1,000.
It’s possible that some other factors such as mining costs for Bitcoin miners or Bitcoin's halving in 2020 won’t be included in this prediction. That's why it's possible that Bitcoin is not looking below $ 1000, even not below $ 3,000.
But what is possible, if the long-term sideways movement will be long enough, there could come up another Hyperwave. With a similar shape.
