"The path to the lows for Bitcoin, I think, involves a low in the early summer, a bounce, and then a final drop in the Q4."

"My best guess is that Bitcoin sets a low in June and then has a counter trend rally and then has another low in October. I would argue that there is a high likelihood that the October low would be lower than the June low. "

"if the stock market does what it always does in midterm years, you'll likely see a correction by stocks in the second half of this year. That would likely correspond to SpaceX coming back down some and that potentially setting up a pretty good opportunity for the next several years. "

"If you look at 2018, you can see it started in September. The S&P M2 factor would actually correspond to September. And you know, if that is the case, we know that Bitcoin, well we don't know, but I think Bitcoin might bottom in October. And so if the stock market were to top in September, then maybe Bitcoin would bottom out pretty quickly just because it would react to whatever the stock market's reacting to a lot quicker because it's just further up the risk curve. It would get hit a lot quicker than the stock market and potentially Bitcoin then finds that low sometime in the fourth quarter. Maybe as early as as October. "

"My guess is that a low will form in June. You will get a counter trend rally in July that may persist into August. And then a correction in the stock market will cause Bitcoin to form its market cycle bottom in Q4. "