📌PUMPs experienced in some altcoins make those waiting in cash nervous.
📌I expect altcoins that could not exhibit the expected rise in the 49K rise to make good attacks in this rise.
📌First of all, there are very critical levels for the decline to follow the rises I expect. If it remains below these critical levels, we will talk about it falling to 31K levels when the time comes.
📌So we will proceed step by step, but I am still showing you what I expect.
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I think that #6000, the most important and key level of #Bitcoin's 2017 Bull Season and 2018 Bear Season, and today's $29,000 level are exactly the same importance.
In the 2021 Bull Season, we enter the last quarter of the bull season, where the real rise of Altcoins is experienced; In January 2021, bitcoin fell 30% from $42,000 to $29,000, while bitcoin dominance peaked at 70% before falling to 40%, declining for 5 months. Although bitcoin doubled from $29,000 to $65,000 after the drop to $29,000, altcoins, which had been rising at the same rate as bitcoin for a long time, made their real rise by rising 50x - 100x.
In the 2017 Bull Season, we are entering the last quarter of the bull season, where the real rise of Altcoins is experienced; In November 2017, bitcoin fell 25% from $8000 to $6000, while bitcoin dominance peaked at 70% before declining for 1 month to 35%. Although bitcoin rose 3 times on average from $ 6000 to $ 19,800 after the drop to $ 6000, altcoins, which had been rising at the same rate as bitcoin for a long time, made their real rise by rising 50x - 100x.
Before the drop to $15,500, which was the bottom of the 2022 Bear Season, bitcoin was stuck at the $29,000 level for 1 month, at the end of 1 month; There was a sudden drop to the bottom, and bitcoin was stuck between $15,500 and $25,000 for 270 days.
In the mid-term rise of 2019; Bitcoin rose from the bottom level after going horizontal for 140 days between $ 3150 and $ 4000.
Nowadays, we can only see that we are in an intermediate rise as in 2019; I think that the peak of this intermediate rise has not been reached yet and it will not end with a collapse again, as it did in March 2020. It is my personal expectation, based on my analysis, that the rise will start to $42,000 by the end of the summer and then collapse again to $29,000.
As long as it remains above $34,200, I expect#Bitcointo make a move to the $42,000 to $48,000 region within 1 month.
However, if it remains below $ 34,200, it may experience a pullback in a period of 10-15 days and then return to the $ 34,200 level, this time staying above this level and starting its journey between $ 42,000 and $ 48,000.
I would expect any pullback below $34,200 to reach a maximum of $30,000 to $31,000.
I will post a chart you have never seen before with BTC. We have never seen this analysis anywhere. The analysis is for you. I would be happy if you like it 👍... Let's see how many people are curious....
We cannot know where the peak will be in the rise we are experiencing today, but after the peak is reached, a long and boring decline that will last for a few months may be waiting for us. Therefore, if the rise continues up to $42,000, which is the next strongest resistance, some selling and a drop to the main support, $29,000, can be expected.
Due to the sudden rise experienced today, I think that decisions that will result in regret as a result of panic and excitement should not be made by saying "Bull Season has started, I missed the Bull, I must buy immediately". When we look at the past Taurus Seasons, the halving occurs, and the Taurus Season occurs 1 year after the halving. Therefore, since the halving occurs in April 2024, this rise we are in is not a Bull Season, but an intermediate rise within the Bear Season. I think the next Taurus Season will start at the end of 2024, and we will experience a roaring Taurus Season in 2025.
I would like to thank everyone who valued my thoughts and analysis and read this far.
#XRP $XRP #RippleRipple enthusiasts, you can frame the chart and hang it on your wall. You won't find such analytics anywhere. Trader formation is all me. Write this date today... 24.10.202 The target above $31.00 is $2.45. The closest and most critical resistance level is $0.62. Now is the time for XRP... Let's Remember Today Again.... #xrp...
Let#Bitcoinrest and linger for a while, because it is the turn of altcoins. #ETHBTCparity is at the support line and I expect it to accelerate upwards.