#BTC 🅱️ Bitcoin New All-Time High After Capitulation Event
To keep it simple, we just need to deduct 50% from an average price tag of around $72,000, this would put Bitcoin at around $36,000 on this major crash. This same level matches EMA55 on the monthly timeframe. This would be remembered as Bitcoin's 2024 capitulation event.
What happens after the capitulation event? Sustained long-term growth. A new 100K target is a very easy for Bitcoin but should be hit in 2025, not 2024. A new All-Time High in 2025 will take prices beyond $150,000 or $180,000... Prepare for long-term growth.
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