Detailed analysis of Bitcoin
Detailed analysis of Bitcoin
Unfortunately, the analysis of the rise to 135 thousand failed in terms of time. It should have been achieved at this time, but it did not happen.
The stability of the acquisition so far was also beyond expectations, which caused a drop of 30% to 50% in currencies, and it was beyond expectations. This is the first setback in the analysis that we have been exposed to since April 2024. There is not always one person who is right. The market is bigger than everyone else.
What will happen now? It seems that we are correcting the main support levels 90,000, a strong rebound area, but if it is broken, I will have confirmed rebound areas between 87,000 and 84,000, God willing.
As for the path we have been working on since August 2024, it has changed and we will cancel the 135,000 targets.
In the second image, we see a pattern of converging peaks, which is considered somewhat predictive, and there is a high probability that this pattern will form, and then we will witness a major correction, as shown.
As for currencies, there is no doubt that the currency season has not started, and currencies have not exploded, and the acquisition is still high for Bitcoin and low for currencies, and this negates that we are at currency peaks and even negates that we are in the currency season in the first place. Of course, nothing can be done for currencies except to close the wallet and watch because it is not logical to sell the bottom, even if the correction deepens further, and there is no certain time that we can be certain of the start of the currency season so that we sell and return to buy before the rise begins. We are literally in the middle and nothing can be done except watch. Not making a decision at this time is the best decision.
So when will the currencies rise if this pattern actually happens, we will see the currencies explode and break out violently upwards in the next wave or the one after it if it happens because a huge correction and a major collapse like what is shown in the second chart cannot happen except with a huge rise in the currencies and the formation of more than one wave in Bitcoin. This is certain, God willing.
If all of these things happen and we witness a big and huge correction in Bitcoin as shown, is this the end of the market and the formation of a historical peak? Of course not, and I am certain of this. We will see a big and new peak at the beginning of the fourth quarter of 2025 and a wave of rising currencies that we have not seen the likes of, and it will break all the peaks that were achieved in November and March and all the peaks that will be achieved in the first quarter of $BNB $