🐂 Bull Market Peak Forecast: Expected to reach the $95,000 to $100,000 range
🐻 Bear Market Bottom Forecast: Expected to bottom in the $23,000 to $25,000 range
The current market dynamics appear to be entering the end of the fourth wave, which indicates that a strong breakout is coming, leading us to a new high in the cycle. Based on this analytical framework, I expect the fifth wave to hit the intersection of the 1.618 Fibonacci extension level and the top of the channel, which is the $95,000 to $100,000 range, which is expected to be achieved between December 2024 and March of the following year.
Outlook after reaching the target: Once this target is reached, I will closely monitor the market reaction and look for a pullback signal, indicating the initial brewing of a bear market cycle.
Bear market stage breakdown forecast:
First wave adjustment (wave A): Expected to show initial signs of a low in the summer of 2025. Dead Cat Bounce (B Wave): A short-lived rally may follow between September and December of the same year. Deep Fall (C Wave): The most severe decline, the C wave, is expected to last throughout 2026 and could eventually bring the price of Bitcoin down to a low of $23,000 to $25,000.
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