After not posting for a long time, I finally returned to analyzing the market, namely the Bitcoin market. From the chart here we can see the end of Eliotte, namely stage 5 in the 1 week time frame, which means what? That's right, we are at the end of the Bitcoin bullrun. OK, I will explain a little about the chart that I made; First, Bitcoin at the end of this year will reach its highest point atย 109k-119kย then will fall slowly but still in theย 100kย area. Second, Bitcoin will experience a fairly large decline toย 60k-65K, why is that happening? as Bitcoin has a CME Bitcoin GAP in theย 80k-78kย area.
Third, Bitcoin will experience a very large decline in March-April 2025, namely it will touch a price ofย 43k-45k, why is that happening? because Bitcoin is currently forming a pattern, namely Head and Shoulders, with a low position betweenย 43k-48k. What is next? OK, in my opinion, Bitcoin will hitย 100kย again in 2027, If; 1. Bitcoin support is strong in theย 43kย area 2. There is no Global Monetary Crisis. If either happens then Bitcoin will hitย 10kย again. How is that possible? Yep, we forgot something, namely the CME Bitcoin GAP which is in theย 9.8kย area. Maybe this is all I can say, and maybe I'll come back a few months from now. I'll just end it here and say thank you.