$BTC and if we analyze within the framework of TOTAL2; If we make a comparison with the price movements experienced in the 2020-21 period by considering similar price movements that may occur in the 2024-25 period; I think that the BTC ATH and TOTAL2 charts towards the end of 2020 are similar in pattern to 2024.
After ATH is passed in 2020, BTC continues its movement for a while. In the TOTAL2 framework, after a certain accumulation period, it leaves the region and continues on its way by re-testing in the Range H. region. Then, we see a withdrawal of nearly 30% and an expansion movement.
In our current period, ATH has been passed, but BTC still seems to have fully completed its movement. Meanwhile, the TOTAL2 side is going through a similar accumulation process and continues on its way after re-resting in the Range H. region. It is currently in a retreat. The same things do not have to happen in percentage terms, but the risks that can be taken from these regions by portfolio management and the orders that can be placed in the HTF demand regions still seem appropriate. And it looks like the real TOTAL2 action will come from here. Timing the market is difficult, but at the end of the day, those who follow their long-term plans usually win.
It is not possible to make an exact peak prediction based on the data obtained from past data, but in my opinion, around 150k seems reasonable for BTC. During the process, these targets can be reduced or increased according to macro data and the dynamics of the market. In TOTAL2, around 4T â 4.3T seems appropriate to greatly reduce the risks taken. As a result, I think the bottoms will still serve as buying opportunities.
