Forget $130,000:
Bitcoin is expected to climb much higher, potentially reaching $155,000, $180,000, or even $200,000, especially if inflation spikes. The only adjustment needed is the timeline, not the price.
Current Growth:
Bitcoin's growth is undeniable and long-term. Everyone agrees it's on an upward trajectory.
Targets for 2025:
Predictions like $100,000 or $130,000 seem modest for 2025. These are likely just the first milestones Bitcoin will cross after a strong bullish movement, expected around or after March 2025. It's unrealistic to expect these levels in late 2024.
Key Support Level:
Bitcoin is currently testing the MA 200 as support. A crash wick and strong support at this level could ignite the next major bull market.
What to Expect in the Next Bull Market:
1. Blow-off Top, Not Double Top:
The next peak will likely be a blow-off top (a sharp peak followed by a decline), similar to 2017. No prolonged double top like in 2021. This is supported by Elliott Wave theory and past market behavior.
2. Two Scenarios:
Early Blow-off Top:
If Bitcoin peaks early, the high could be reached in 5-6 months, possibly ending the bull market by April-June 2025, followed by a bear market. This is less likely.
Late Blow-off Top:
More likely, Bitcoin will peak late in 2025. The market needs time to develop, which could mean several months of price growth. Expect Bitcoin to turn bullish by late Q1 2025, with a small correction and 3-7 months of consolidation before the final push.
Price Targets:
The final bull run could push Bitcoin to a new all-time high.
Conservative target: $155,000.
High-inflation/global conflict scenario: $180,000-$208,000.
Strategy:
Go Long After Correction: Bitcoin is showing lower highs, with a lower low expected. Watch the MA 200âif Bitcoin dips below it and produces a strong wick, this could be the bottom of the correction. After this, expect long-term growth.
#Therapydogcoin #MemeCoinTrending #SCRSpotTradingOnBinance #WhichMemeCoin? #BinanceLabsInvestsLombard
