No doubt Bitcoin is going higher...
Good afternoon my fellow Cryptocurrency trader, another green day today.
Bitcoin is bullish now and rising after closing two weeks red. Comparing the chart as it is now to early 2021 and we see some similarities. Back in January 2021, after a major advance, Bitcoin closed two weeks red just to continue growing for months. Market conditions are identical.
We are in bull-market year. Post-halving year and Bitcoin has been rising for months. A continuation is happening now and the Altcoins are bullish. The Altcoins being bullish means that Bitcoins is about to grow strong. If Bitcoin was on the verge of a major collapse, a correction, the Altcoins would remain stuck while aiming lower. The fact that the entire market is green after some consolidation, reveals higher prices.
Back in 2021 we had this long-term double top pattern, April and November 2021. If we consider the law alternation by Nelson Elliott, it is possible that this year we will have a blow-off top. If we get such an scenario, instead of April I think a top can happen after sustained long-term growth. Imagine a rise that is less steep than what we have been seeing recently, a more stable rise.
There are too many scenarios right now running through my mind. First, I thought about the peak around May and July 2025 with the blow-off top, but the I remembered that market conditions are different now; institutional adoption, legal Crypto... Maybe the top is followed by a several months correction and then additional growth.
A stable rise can start now until December 2025. Up, up, up, up, up. Then the bull-run followed by a massive drop. What is hard to imagine is how the correction or bear-market will develop, when everything is so positive. It is hard to visualize. But you know how the market works, everything is green and great and suddenly surprise... Bad news accompanied by a sell-off. Still, a strong correction can last ~3 months and we still have plenty of growth before the first negative period of 2025. Enjoy the ride.
Corrections are inevitable but think of 2024. It can be a flash crash and then sustained growth or some sideways with a flush on the daily, something almost imperceptible and then up.
How would several major governments adopting a Bitcoin reserve policy affect Bitcoins' price?
How would the tech giants adding Bitcoin to their reserves affect the market?
Can market dynamics really change or are we stuck with the same pattern, the same cycle forever? I don't think so.
Bitcoin is young. Bitcoin is not even 20 years old.
How does the 10 years cycle look it? We have no data.
What about the 25 years cycle?
Tell me about Bitcoin when it is 50 years old, what do you see?
Can you grasp what I mean?
Sounds right?
Does it make sense?
We have certain conditions now and a clear 4-year cycle, but this does not mean that this dynamic will forever stay the same. Market conditions can always change. Knowing how fast we continue to evolve and adapt, Bitcoin can also evolve. It has been doing so since day one.
What we see today, doesn't have to be the same in a decade or so.
Just several decades ago we lived in a completely different world, see how far we've gone. It is no different with money. It is the first time that the creation of money is upgraded in thousands of years. Expect the unexpected. Prepare for long-term growth.
Whatever you do, always bet up.
My money is on Crypto.
My money is on Bitcoin.
Thanks a lot for your continued support.
Namaste.
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