🚨 URGENT! MUST READ 🚨
🚨Bitcoin is set to PUMP to $77K! 🚨
🚨CYCLE TOP PREDICTION!🚨
In this post, I'll break down the potential cycle top for $BTC using historical data and past trends.
Let's start with an overview of Fibonacci (fib) levels:
Fib retracement levels are horizontal lines indicating potential support and resistance areas based on key percentages of the previous move. They help predict how much of a trend has been retraced and imply the trend may continue. The key fib levels for longer time frames are 1.272, 1.618, and 2.272.
Now, let's go back to 2013. Refer to the first chart attached. By applying fib levels from the 2013 cycle peak to the bear market low, we get a 2.272 level of $15k. In the next cycle (2017), $BTC reached a high of $19.9k, hitting the blow-off top target.
If we apply fibs from the 2017 cycle top to the bear market low, we get a 1.618 technical target of $61.7k. In 2021, $BTC reached $64k, meeting another blow-off top target.
From this trend, we observe diminishing returns with each cycle. If this trend continues, the next cycle top could be either $96k (1.272 fib level) or $117k (1.414 fib level). The 1.272 fib level is significant, so $96k is plausible. However, I am betting on $117k for this cycle, hoping for another blow-off top, especially with bigger players in the market, achieving a new all-time high for Bitcoin.
I've also attached a zoomed-in version of all three cycles below, illustrating the potential 5-wave count for this cycle.
Thanks for reading, and stay safe.🤝🏻
AD: If you're interested in learning technical analysis, comment "Teach Me" , and I'll personally reach out to guide you through one-on-one coaching sessions.
