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The end of Bitcoin's journey$BTC After a long absence, I am finally back to analyzing the market, namely the Bitcoin market. From the chart here, we can see the end of Elliott, namely stage 5 on the weekly time frame, which means what? That's right, we are at the end of the Bitcoin bull market. Okay, I'll explain a little bit about the graph I made;

The end of Bitcoin's journey

$BTC
After a long absence, I am finally back to analyzing the market, namely the Bitcoin market. From the chart here, we can see the end of Elliott, namely stage 5 on the weekly time frame, which means what? That's right, we are at the end of the Bitcoin bull market.
Okay, I'll explain a little bit about the graph I made;
👑Bitcoin Facts🗽The largest asset management firm, BlackRock,is challenging the certainty of Bitcoin’s 21 million cap. 🟢Recently,BlackRock stated in a published video:“There is no guarantee that the 21 million Bitcoin supply cap will not change.” 🟢Why did they say that? Because Bitcoin has no central authority, BlackRock has no right to enact or guarantee the 21 million cap. 🟢Does this mean there will be more than 21 million Bitcoin?⤵️ The answer is that no one can guarantee how many Bitcoins will eventually exist. 🟢 So how do people arrive at the 21 million number? It comes from pure mathematics.🖥️ Satoshi Nakamoto started mining Bitcoin, and every 10 minutes,a new block is added to the blockchain. In each new block,all transactions that have occurred on the Bitcoin network in the last 10 minutes are recorded.The computer that solves the mathematical puzzle defined by the Bitcoin network gets a reward in newly minted Bitcoin. In the early days of 2009,when Satoshi started mining,a new block was added to the network to reward miners with 50 Bitcoins.There is a halving mechanism built into the system. 🔴What does this mean?⤵️ Every 210,000 blocks,the block reward is reduced by half. For example,at block 210,000,the reward was reduced to 25 Bitcoins.Similarly,at block 420,000,miners started receiving 12.5 Bitcoins.Currently,miners earn 3.125 Bitcoins per block. This process continues until the year 2140, when the reward reaches zero,and no new coins will be minted.This is how the 21 million bitcoin cap is mathematically encoded into the system. #Bitcoin❗ $BTC

👑Bitcoin Facts🗽

The largest asset management firm, BlackRock,is challenging the certainty of Bitcoin’s 21 million cap.
🟢Recently,BlackRock stated in a published video:“There is no guarantee that the 21 million Bitcoin supply cap will not change.”
🟢Why did they say that?
Because Bitcoin has no central authority, BlackRock has no right to enact or guarantee the 21 million cap.
🟢Does this mean there will be more than 21 million Bitcoin?⤵️
The answer is that no one can guarantee how many Bitcoins will eventually exist.
🟢 So how do people arrive at the 21 million number?
It comes from pure mathematics.🖥️
Satoshi Nakamoto started mining Bitcoin, and every 10 minutes,a new block is added to the blockchain.
In each new block,all transactions that have occurred on the Bitcoin network in the last 10 minutes are recorded.The computer that solves the mathematical puzzle defined by the Bitcoin network gets a reward in newly minted Bitcoin.
In the early days of 2009,when Satoshi started mining,a new block was added to the network to reward miners with 50 Bitcoins.There is a halving mechanism built into the system.
🔴What does this mean?⤵️
Every 210,000 blocks,the block reward is reduced by half.
For example,at block 210,000,the reward was reduced to 25 Bitcoins.Similarly,at block 420,000,miners started receiving 12.5 Bitcoins.Currently,miners earn 3.125 Bitcoins per block.
This process continues until the year 2140, when the reward reaches zero,and no new coins will be minted.This is how the 21 million bitcoin cap is mathematically encoded into the system.
#Bitcoin❗ $BTC
Jenae Siegrist G3gG:
rồi đồn dữ chưa rồi chắc chắn dữ chưa,rồi gom đủ chưa
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Strong Bitcoin Outflows: Major Bullish Signal or Market Trap?Your analysis points out several key aspects regarding price volatility and market sentiment surrounding Bitcoin (BTC). Below is a detailed analysis: 1. Outflows from exchanges • Bitcoin outflows from exchanges reached 2.5 billion USD in the past week, often seen as a bullish signal. When investors withdraw BTC to their private wallets, it indicates a tendency to hold long-term rather than sell, reducing selling pressure in the market.

Strong Bitcoin Outflows: Major Bullish Signal or Market Trap?

Your analysis points out several key aspects regarding price volatility and market sentiment surrounding Bitcoin (BTC). Below is a detailed analysis:
1. Outflows from exchanges
• Bitcoin outflows from exchanges reached 2.5 billion USD in the past week, often seen as a bullish signal. When investors withdraw BTC to their private wallets, it indicates a tendency to hold long-term rather than sell, reducing selling pressure in the market.
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FEAR AND GREED INDEX DROPPED SEVERELY FROM THE RANGE OF 80S TO 50SWhile its placement at level 54 indicates that traders are neutral and a positive jump will only occur after crossing 60, or a negative drop will occur after crossing below 40. Traders are in a festive mood to enjoy Christmas and New Year. I only reserved the profit from $BTC

FEAR AND GREED INDEX DROPPED SEVERELY FROM THE RANGE OF 80S TO 50S

While its placement at level 54 indicates that traders are neutral and a positive jump will only occur after crossing 60, or a negative drop will occur after crossing below 40.
Traders are in a festive mood to enjoy Christmas and New Year.
I only reserved the profit from $BTC
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🔮 Crypto Market Predictions for 2025 by Forbes ✅ G7 or BRICS Countries Will Create Strategic $BTC Reserves. ✅ Stablecoin Market Cap Will Exceed $400 Billion. ✅ Bitcoin Network Layer-2 Blockchains Will Drive DeFi Growth. ✅ $BTC ETFs Will Continue to Grow and New Crypto ETFs Will Appear. ✅ 7 Largest US Tech Giants Will Create $BTC Reserves. ✅ Total Crypto Market Cap Will Exceed $8 Trillion. ✅ US Will Regain Its Position as the Global Cryptocurrency Center. #btc #加密市场反弹 #Bitcoin❗ #Binance {spot}(BTCUSDT)
🔮 Crypto Market Predictions for 2025 by Forbes

✅ G7 or BRICS Countries Will Create Strategic $BTC Reserves.

✅ Stablecoin Market Cap Will Exceed $400 Billion.

✅ Bitcoin Network Layer-2 Blockchains Will Drive DeFi Growth.

$BTC ETFs Will Continue to Grow and New Crypto ETFs Will Appear.

✅ 7 Largest US Tech Giants Will Create $BTC Reserves.

✅ Total Crypto Market Cap Will Exceed $8 Trillion.

✅ US Will Regain Its Position as the Global Cryptocurrency Center.
#btc #加密市场反弹 #Bitcoin❗ #Binance
𝐁𝐢𝐭𝐜𝐨𝐢𝐧’𝐬 𝐅𝐢𝐧𝐚𝐥 𝐁𝐮𝐥𝐥𝐫𝐮𝐧: 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐚𝐧𝐝 𝐏𝐫𝐨𝐣𝐞𝐜𝐭𝐢𝐨💥💥💥After a long hiatus, I’ve returned to share an in-depth analysis of the Bitcoin market. Current market dynamics indicate we’re nearing the culmination of Bitcoin’s bullish cycle, supported by the Elliott Wave Theory, where we’ve reached the fifth and final stage on the weekly chart. Let’s dive into what this means for Bitcoin’s trajectory and its potential price movements in the coming months and years. 𝐒𝐡𝐨𝐫𝐭-𝐓𝐞𝐫𝐦 𝐎𝐮𝐭𝐥𝐨𝐨𝐤: 𝐓𝐡𝐞 𝐏𝐞𝐚𝐤 𝐁𝐞𝐟𝐨𝐫𝐞 𝐭𝐡𝐞 𝐏𝐮𝐥𝐥𝐛𝐚𝐜𝐤🔥 As we approach the end of 2024, Bitcoin is expected to hit its all-time high, with a price range of $109k–$119k. However, this peak will likely be followed by a gradual decline, with Bitcoin stabilizing around the $100k mark in the short term. A notable pullback to the $60k–$65k range is anticipated due to a CME Bitcoin Futures Gap in the $80k–$78k region. Gaps like these have historically acted as magnets for price corrections. 𝐓𝐡𝐞 𝐁𝐢𝐠𝐠𝐞𝐫 𝐏𝐢𝐜𝐭𝐮𝐫𝐞: 𝐁𝐞𝐚𝐫𝐢𝐬𝐡 𝐏𝐚𝐭𝐭𝐞𝐫𝐧𝐬 𝐀𝐡𝐞𝐚𝐝🚨 Moving into March-April 2025, Bitcoin may face a significant drop, potentially falling to $43k–$45k. This prediction aligns with the formation of a classic Head and Shoulders pattern, with its lower boundary hovering around the $43k–$48k zone. If this level holds strong as support, Bitcoin could recover and revisit the $100k price level by 2027, contingent on favorable macroeconomic conditions. 𝐖𝐡𝐚𝐭 𝐋𝐢𝐞𝐬 𝐀𝐡𝐞𝐚𝐝: 𝐂𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐅𝐚𝐜𝐭𝐨𝐫𝐬 𝐭𝐨 𝐖𝐚𝐭𝐜𝐡💥🚀👀 For Bitcoin to regain its six-figure status by 2027, two key factors are essential: (1) the $43k support zone must remain intact, and (2) global financial stability must persist. However, if these conditions falter, Bitcoin could revisit its 2020 lows, with a sharp drop to the $9.8k region, influenced by another CME Gap. This analysis represents my interpretation of the market’s current structure. If you’ve found it insightful, consider supporting my work with a Binance donation to ID: 36103837. Thank you for your time, and I look forward to sharing more insights in the future. #Bitcoin❗ #bitcoin #BinanceLaunchpoolBIO #BTCNextMove #Write2Earn

𝐁𝐢𝐭𝐜𝐨𝐢𝐧’𝐬 𝐅𝐢𝐧𝐚𝐥 𝐁𝐮𝐥𝐥𝐫𝐮𝐧: 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐚𝐧𝐝 𝐏𝐫𝐨𝐣𝐞𝐜𝐭𝐢𝐨

💥💥💥After a long hiatus, I’ve returned to share an in-depth analysis of the Bitcoin market. Current market dynamics indicate we’re nearing the culmination of Bitcoin’s bullish cycle, supported by the Elliott Wave Theory, where we’ve reached the fifth and final stage on the weekly chart. Let’s dive into what this means for Bitcoin’s trajectory and its potential price movements in the coming months and years.

𝐒𝐡𝐨𝐫𝐭-𝐓𝐞𝐫𝐦 𝐎𝐮𝐭𝐥𝐨𝐨𝐤: 𝐓𝐡𝐞 𝐏𝐞𝐚𝐤 𝐁𝐞𝐟𝐨𝐫𝐞 𝐭𝐡𝐞 𝐏𝐮𝐥𝐥𝐛𝐚𝐜𝐤🔥
As we approach the end of 2024, Bitcoin is expected to hit its all-time high, with a price range of $109k–$119k. However, this peak will likely be followed by a gradual decline, with Bitcoin stabilizing around the $100k mark in the short term. A notable pullback to the $60k–$65k range is anticipated due to a CME Bitcoin Futures Gap in the $80k–$78k region. Gaps like these have historically acted as magnets for price corrections.

𝐓𝐡𝐞 𝐁𝐢𝐠𝐠𝐞𝐫 𝐏𝐢𝐜𝐭𝐮𝐫𝐞: 𝐁𝐞𝐚𝐫𝐢𝐬𝐡 𝐏𝐚𝐭𝐭𝐞𝐫𝐧𝐬 𝐀𝐡𝐞𝐚𝐝🚨

Moving into March-April 2025, Bitcoin may face a significant drop, potentially falling to $43k–$45k. This prediction aligns with the formation of a classic Head and Shoulders pattern, with its lower boundary hovering around the $43k–$48k zone. If this level holds strong as support, Bitcoin could recover and revisit the $100k price level by 2027, contingent on favorable macroeconomic conditions.

𝐖𝐡𝐚𝐭 𝐋𝐢𝐞𝐬 𝐀𝐡𝐞𝐚𝐝: 𝐂𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐅𝐚𝐜𝐭𝐨𝐫𝐬 𝐭𝐨 𝐖𝐚𝐭𝐜𝐡💥🚀👀

For Bitcoin to regain its six-figure status by 2027, two key factors are essential: (1) the $43k support zone must remain intact, and (2) global financial stability must persist. However, if these conditions falter, Bitcoin could revisit its 2020 lows, with a sharp drop to the $9.8k region, influenced by another CME Gap.

This analysis represents my interpretation of the market’s current structure. If you’ve found it insightful, consider supporting my work with a Binance donation to ID: 36103837. Thank you for your time, and I look forward to sharing more insights in the future.
#Bitcoin❗ #bitcoin #BinanceLaunchpoolBIO #BTCNextMove #Write2Earn
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The Story of a Billionaire Who Lost Everything in Crypto😱😱James Carter was once a very rich businessman who made billions through smart decisions. He believed that cryptocurrency was the future of money and started investing heavily. For a while, his investments grew, and he made even more money. Feeling confident, James put all his wealth into a new digital coin, expecting huge profits. But the crypto market is unpredictable. One day, the market crashed, and James lost all his money in a matter of hours. James's life changed completely. He had to sell his big houses and expensive cars just to survive. Looking back, he realized he made a mistake by putting all his money into something so risky. Now, he shares his story to warn others. He tells people to be careful with their money, plan wisely, and never put everything into one investment. what you think about this? Don't forget to comment. Follow for more information 🙂

The Story of a Billionaire Who Lost Everything in Crypto😱😱

James Carter was once a very rich businessman who made billions through smart decisions. He believed that cryptocurrency was the future of money and started investing heavily. For a while, his investments grew, and he made even more money. Feeling confident, James put all his wealth into a new digital coin, expecting huge profits. But the crypto market is unpredictable. One day, the market crashed, and James lost all his money in a matter of hours.
James's life changed completely. He had to sell his big houses and expensive cars just to survive. Looking back, he realized he made a mistake by putting all his money into something so risky. Now, he shares his story to warn others. He tells people to be careful with their money, plan wisely, and never put everything into one investment.
what you think about this? Don't forget to comment.
Follow for more information 🙂
GVGGarage047:
Is this my Uncle James?
🚨 Big News: USAcoin on the Horizon? 🇺🇸🚀 Peter Schiff has thrown a wild idea into the crypto ring: a US government-backed token with a limited supply, just like Bitcoin’s 21 million coins! 🤯💥 His suggestion? Instead of building a Bitcoin reserve, create a government analogue on a modernized blockchain. The ultimate twist: Could USAcoin be the next big thing? 🤔 🔑 What this means for crypto: • A potential new digital currency with limited supply, creating more scarcity and demand. • Could be a game-changer for institutional adoption and US dollar-backed crypto. Is Peter Schiff finally coming around? 👀 Keep an eye out for USAcoin—could this be the future of government-backed crypto? 🚀 Stay tuned for more updates as the crypto world heats up! 🔥💰 🔖 #Write2Earn #Bitcoin❗ #cryptoFuture #Binance
🚨 Big News: USAcoin on the Horizon? 🇺🇸🚀

Peter Schiff has thrown a wild idea into the crypto ring: a US government-backed token with a limited supply, just like Bitcoin’s 21 million coins! 🤯💥

His suggestion? Instead of building a Bitcoin reserve, create a government analogue on a modernized blockchain. The ultimate twist: Could USAcoin be the next big thing? 🤔

🔑 What this means for crypto:
• A potential new digital currency with limited supply, creating more scarcity and demand.
• Could be a game-changer for institutional adoption and US dollar-backed crypto.

Is Peter Schiff finally coming around? 👀 Keep an eye out for USAcoin—could this be the future of government-backed crypto? 🚀

Stay tuned for more updates as the crypto world heats up! 🔥💰

🔖 #Write2Earn #Bitcoin❗ #cryptoFuture #Binance
Tonason Square-Creator-d944ad0fccafdd0f331b:
Trump made it clear that he won't back any govt crypto, nothing like that, it's just another storm in a Tea cup 🥤
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Bearish
#bitcoin - Christmas price update: 🚨📉 Daily view looks bad and I think the the correction downard isn't end yet! 📉 Weekly view ==> Highly overbuy & unstable area! I think that the 92,000$ key support will be break wich could lead to another panic sell move! 🚨 Lower key support to be monitored: 90,500 - 87,600 - 83,000 - 79,000 In my opinion, the next key bottom will be at 87,500 or 83,000$, before to see another new $BTC ATH 📈 Strong correction phases are necessary to see further price increase in bull market! Even if #BTC price test the 80k zone, it doesn't mean that we are bearish! (HTF) Be aware of it because #altcoins market could suffer from it again if the 92,000$ support zone is lost! ⌛️Time period: 1 - 3 weeks! #BTC☀️ #Bitcoin❗
#bitcoin - Christmas price update: 🚨📉

Daily view looks bad and I think the the correction downard isn't end yet! 📉

Weekly view ==> Highly overbuy & unstable area!

I think that the 92,000$ key support will be break wich could lead to another panic sell move! 🚨

Lower key support to be monitored:
90,500 - 87,600 - 83,000 - 79,000

In my opinion, the next key bottom will be at 87,500 or 83,000$, before to see another new $BTC ATH 📈

Strong correction phases are necessary to see further price increase in bull market!

Even if #BTC price test the 80k zone, it doesn't mean that we are bearish! (HTF)
Be aware of it because #altcoins market could suffer from it again if the 92,000$ support zone is lost!

⌛️Time period: 1 - 3 weeks!

#BTC☀️ #Bitcoin❗
Whalers:
Is this gonna affect the alts ? While the BTC dominance is decreasing?
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$BTC $BTC on the verge of a major correction, all this I said at the beginning of the month, this correction has already started. Now the charts are clear, the first decline will be towards 80-82K. The second attempt will go to the 75-80K zone. All this will be done within the next three weeks! First of all, the whole month has a bad track record, December is always like this, for some reasons, mainly Christmas. The last week and the beginning of the weeks of next month will be terrible for crypto enthusiasts. Make your trades smart, only smart now, or else a long-term approach is needed. One thing, remember in my advice: trade only when you see 2 daily bullish candles at a low support level, aiming for a nearby resistance zone! I hope this helps you find a trading point for the next bull market. In my opinion, the next bull market moves will start in mid-January, but this time take your profits early, because the next bull market could be a roller coaster. #Bitcoin❗ #btc #binance #TradingStrategies {spot}(BTCUSDT)
$BTC
$BTC on the verge of a major correction, all this I said at the beginning of the month, this correction has already started.
Now the charts are clear, the first decline will be towards 80-82K.
The second attempt will go to the 75-80K zone.
All this will be done within the next three weeks!
First of all, the whole month has a bad track record, December is always like this, for some reasons, mainly Christmas.
The last week and the beginning of the weeks of next month will be terrible for crypto enthusiasts.
Make your trades smart, only smart now, or else a long-term approach is needed.
One thing, remember in my advice: trade only when you see 2 daily bullish candles at a low support level, aiming for a nearby resistance zone!
I hope this helps you find a trading point for the next bull market.
In my opinion, the next bull market moves will start in mid-January, but this time take your profits early, because the next bull market could be a roller coaster.
#Bitcoin❗ #btc #binance #TradingStrategies
Sid Ytuarte RBel:
🤔
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Bearish
$BTC Price looks set for another bearish continuation move! 🚨 -I know my lines, I know my accuracy, I know my stats. -I prefer trusting my chart than news and market sentiment. -I recommend you to limit your risk exposissure on long positions. -Monitor the 92,000$ support zone, in case of breakout below the panic sell will probably be huge, wich could results in another wave of LONG positions liquidation! ⚠️ -I personnally took some short positions. (medium term). Let's see how it goes. For now bulls reaction must be stronger! #Bitcoin❗ #BTC🔥🔥🔥🔥🔥 #BTC☀️
$BTC Price looks set for another bearish continuation move! 🚨

-I know my lines, I know my accuracy, I know my stats.
-I prefer trusting my chart than news and market sentiment.

-I recommend you to limit your risk exposissure on long positions.
-Monitor the 92,000$ support zone, in case of breakout below the panic sell will probably be huge, wich could results in another wave of LONG positions liquidation! ⚠️

-I personnally took some short positions. (medium term).

Let's see how it goes.
For now bulls reaction must be stronger!

#Bitcoin❗ #BTC🔥🔥🔥🔥🔥 #BTC☀️
LIVE
Crypto_Jobs
--
Bearish
#bitcoin - Christmas price update: 🚨📉

Daily view looks bad and I think the the correction downard isn't end yet! 📉

Weekly view ==> Highly overbuy & unstable area!

I think that the 92,000$ key support will be break wich could lead to another panic sell move! 🚨

Lower key support to be monitored:
90,500 - 87,600 - 83,000 - 79,000

In my opinion, the next key bottom will be at 87,500 or 83,000$, before to see another new $BTC ATH 📈

Strong correction phases are necessary to see further price increase in bull market!

Even if #BTC price test the 80k zone, it doesn't mean that we are bearish! (HTF)
Be aware of it because #altcoins market could suffer from it again if the 92,000$ support zone is lost!

⌛️Time period: 1 - 3 weeks!

#BTC☀️ #Bitcoin❗
CRYPTO DAZ:
based on your analysis... how far BTC could fall? what will happen to alts? could they be zero?
BITCOIN Are you scared enough? Or need to see more pain?Bitcoin (BTCUSD) touched its 1D MA50 (blue trend-line) for the first time in more than 2 months (since October 11) and is rebounding. The first presence of short-term buyers was actually felt on Friday, when the price came close to the MA50 again and rebounded aggressively. This is a natural technical reaction during such aggressive uptrends. The key Support level during BTC Bull Cycles however is the 1W MA50 (red trend-line), which has been supporting since March 2023 and was successfully tested (and held) twice on August 05 and September 06, the last of which was technically the start of the current Bullish Leg. The Fibonacci Channel Up Bullish Legs are technically part of Channels and this time is no different as Bitcoin has been trading on a Fibonacci Channel Up since the very bottom of the last Bear Cycle in November 21 2021. As you can see, we have classified the price action on this pattern in Phases, each of whom trades within one range upwards, which is why the Fibonacci Channel succeeds at accurately displaying BTC's current logarithmic rise during this Cycle. The Phases and the high symmetry Phase 1 (blue Channel) traded within the Fib 0.0 - 1.0 range, Phase 2 (green Channel) within the Fib 0.5 - 1.5 range and we expect a 3rd one, Phase 3 (red Channel) to trade within the Fib 1.0 - 2.0 range. As you may assume, there is high symmetry between sequences, Legs and pull-backs within this pattern and the one that stands out is that rallies so far tend to record +100% rises. More specifically, both the April 14 2023 and January 11 2024 Highs of +100% rallies, then pulled back towards the 0.382 Fib retracement level, the first didn't hit it, the second almost did. Will we test the 1D MA100? But that is the rally that displays the most similarities with the current one and after hitting its 1D MA50, it broke even lower and only found Support and bounced on the 1D MA100 (green trend-line). You can see even how identical their 1D RSI sequences are, which are Channel Down patterns that started showing a bearish divergence much earlier than the top. Right now the RSI is holding the 45.00 neutral level, but the January 2024 and the 2023 fractals turned into a buy on the key 36.00 level, which is bearish territory. Even though Bull Cycles tend to get more and more aggressive as we approach the end of the Cycle and ignore previous Support levels, the 1D MA100 is currently at $79250 and rising, indicating that it can 'meet' the price on lower levels than currently, assuming how quickly the RSI also hits 36.00 (any of the two conditions hits first, the cyclical buy signal can be valid). The remainder of the Bull Cycle Beyond that, we expect the next High, as we've already entered Phase 3, to be on the -0.5 horizontal Fibonacci extension (as March 13 2024 was) and on the 2.0 Channel Fibonacci ext at a price of $150000, which is the next technical extension of the Channel. After that, you can see that both Phase 1 and 2 started multi-month Accumulation phases with a potential maximum correction to the 0.382 Fib again and as Phase 3 concludes (and possibly the whole Bull Cycle), we may see another +100% rally and a possible Top at $200000. So for the current situation the key question is as mentioned on the title: 'Are you scared enough?' now the 1D MA50 has been tested? Because we may very well drop as low as the 1D MA100 before the Fear & Greed Index turns market sentiment to 'Fear' again and makes the majority misjudge the market activity as they always have. Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! #Bitcoin❗ #bitcoin #BTC☀ #BTCUSDT #signals

BITCOIN Are you scared enough? Or need to see more pain?

Bitcoin (BTCUSD) touched its 1D MA50 (blue trend-line) for the first time in more than 2 months (since October 11) and is rebounding. The first presence of short-term buyers was actually felt on Friday, when the price came close to the MA50 again and rebounded aggressively. This is a natural technical reaction during such aggressive uptrends.
The key Support level during BTC Bull Cycles however is the 1W MA50 (red trend-line), which has been supporting since March 2023 and was successfully tested (and held) twice on August 05 and September 06, the last of which was technically the start of the current Bullish Leg.
The Fibonacci Channel Up
Bullish Legs are technically part of Channels and this time is no different as Bitcoin has been trading on a Fibonacci Channel Up since the very bottom of the last Bear Cycle in November 21 2021.
As you can see, we have classified the price action on this pattern in Phases, each of whom trades within one range upwards, which is why the Fibonacci Channel succeeds at accurately displaying BTC's current logarithmic rise during this Cycle.
The Phases and the high symmetry
Phase 1 (blue Channel) traded within the Fib 0.0 - 1.0 range, Phase 2 (green Channel) within the Fib 0.5 - 1.5 range and we expect a 3rd one, Phase 3 (red Channel) to trade within the Fib 1.0 - 2.0 range.
As you may assume, there is high symmetry between sequences, Legs and pull-backs within this pattern and the one that stands out is that rallies so far tend to record +100% rises. More specifically, both the April 14 2023 and January 11 2024 Highs of +100% rallies, then pulled back towards the 0.382 Fib retracement level, the first didn't hit it, the second almost did.
Will we test the 1D MA100?
But that is the rally that displays the most similarities with the current one and after hitting its 1D MA50, it broke even lower and only found Support and bounced on the 1D MA100 (green trend-line). You can see even how identical their 1D RSI sequences are, which are Channel Down patterns that started showing a bearish divergence much earlier than the top.
Right now the RSI is holding the 45.00 neutral level, but the January 2024 and the 2023 fractals turned into a buy on the key 36.00 level, which is bearish territory. Even though Bull Cycles tend to get more and more aggressive as we approach the end of the Cycle and ignore previous Support levels, the 1D MA100 is currently at $79250 and rising, indicating that it can 'meet' the price on lower levels than currently, assuming how quickly the RSI also hits 36.00 (any of the two conditions hits first, the cyclical buy signal can be valid).
The remainder of the Bull Cycle
Beyond that, we expect the next High, as we've already entered Phase 3, to be on the -0.5 horizontal Fibonacci extension (as March 13 2024 was) and on the 2.0 Channel Fibonacci ext at a price of $150000, which is the next technical extension of the Channel. After that, you can see that both Phase 1 and 2 started multi-month Accumulation phases with a potential maximum correction to the 0.382 Fib again and as Phase 3 concludes (and possibly the whole Bull Cycle), we may see another +100% rally and a possible Top at $200000.
So for the current situation the key question is as mentioned on the title: 'Are you scared enough?' now the 1D MA50 has been tested? Because we may very well drop as low as the 1D MA100 before the Fear & Greed Index turns market sentiment to 'Fear' again and makes the majority misjudge the market activity as they always have.
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Griselda Wakeley X4BO:
🤣🤣🤣🤣 fortune teller Maciej
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Bitcoin: Time to take off your holiday hats?$BTC Bitcoin may be on the verge of breaking the 90K support, which I interpret as a sign that the next broad corrective cycle MAY be starting (Wave (IV)). IF that is the case, you can take off your 200K holiday hats for at least a YEAR or two. Gold had a similar outcome a few years ago and remained in consolidation for two years before breaking out. A corrective cycle does NOT mean Bitcoin will return to 50K (although anything is possible). It simply means that there may be a prolonged consolidation on the horizon that will provide opportunities for swing trading and investing for those who know what to EXPECT.

Bitcoin: Time to take off your holiday hats?

$BTC
Bitcoin may be on the verge of breaking the 90K support, which I interpret as a sign that the next broad corrective cycle MAY be starting (Wave (IV)). IF that is the case, you can take off your 200K holiday hats for at least a YEAR or two. Gold had a similar outcome a few years ago and remained in consolidation for two years before breaking out. A corrective cycle does NOT mean Bitcoin will return to 50K (although anything is possible). It simply means that there may be a prolonged consolidation on the horizon that will provide opportunities for swing trading and investing for those who know what to EXPECT.