Could figuring out Bitcoin price cycles be as simple yet complicated as astrology?
When Mercury is in retrograde, it appears to be traveling backward through the night sky. This occurs just three times each year.
During these phases, “coincidences can be extraordinary.” The planet is said to rule communication, travel, contracts, automobiles, and the like.
Since Mercury first went into retrograde on February 16, Bitcoin has collapsed by 25%, the stock market saw the worst drop since the last recession, and coronavirus fears have spun completely out of control.
Interestingly, travel is indeed impacted, which isn’t surprising considering the aspects of life that Mercury is said to govern.
Tomorrow, Mercury goes direct once again, and it could cause a major rally in Bitcoin as investors naturally are ready to make their “decision” about the cryptocurrency’s future.
Will Crypto Rally When Mercury Goes From Retrograde to Direct?
According to the crypto analyst who includes astrology in their analysis, Bitcoin is highly likely to rally from here. And a chart depicting the price action after each time Mercury goes direct certainly appears to back up this theory.
For those that believe, the next times Mercury goes into retrograde are fro June 18 to July 12, and from October 14 to November 3.