📣【BTC Super Forecast】 BTC will also fluctuate and fall slowly, just like Bitcoin fell from US$73,000 to US$61,000, causing retail investors to lose funds unconsciously, and it will probably continue to rise until the end of July. It will end up being between $50,000-53,000. Then it started to pull back and rise in early August. It will probably rise to around US$73,000 by the end of the year. The price will reach a new high in January 2025, then pull back in May - June 2025, and then reach US$150,000-$250,000 in September 2025. Then there will be a long bear market. If you don’t believe it, please save this post of mine. Let's witness history together 👍👍👍Follow me, I am a spot holder and the most patient spot blogger on the market. I will give you the confidence and strength to witness the arrival of the next bull market together!
📉 WILL BTC FALL TO $50k DUE TO DOUBLE TOP PATTERN?📉☠
Bitcoin has carved out a double-top pattern, a classic bearish signal, suggesting a potential downward correction. Key upcoming data could impact the Fed's interest rate decisions, influencing market trends.
💥 Volatile Price Action: This month has seen Bitcoin's price surge near $70,000, approaching its all-time high from March, only to retreat to $63,000. This decline contrasts with Nasdaq's upward movement and is attributed to faster miner selling, investor profit-taking, and outflows from U.S.-listed spot ETFs.
📉 Double Top Formation: The double-top pattern, characterized by two peaks with a valley in between, indicates uptrend exhaustion. Breaking below the valley's low point confirms a bearish trend. Markus Thielen from 10x Research noted, "Bitcoin follows a double top formation. This could see a drop to $50,000—if not $45,000."
📊 Potential Bullish Factors: While the U.S. election and CPI might boost Bitcoin later this year, a steeper correction is still possible. The Fed's preferred inflation gauge, the PCE price index, due this Friday, could offer relief by cementing the case for renewed Fed rate cuts from September.
🔍 Economic Data Impact: Recent strong economic data has pushed bond yields higher and precious metals lower, hindering digital hard assets like crypto. Greg Magadini from Amberdata emphasized, "This week, multiple Fed Governors speak, GDP figures, and most importantly, the PCE on Friday could significantly influence the market."
📈 Expected PCE Figures: Economists anticipate no change in the PCE price index and a modest 0.1% increase in the core PCE, translating to 2.6% annual advances in both headline and core figures. The projected core increase, excluding food and energy, would be the smallest since March 2021.
Follow @Professor Mende - Founder of BONUZ Project - in Dubai UAE and stay updated on the matter
📣【BTC Super Forecast】 BTC will also fluctuate and fall slowly, just like Bitcoin fell from US$73,000 to US$61,000, causing retail investors to lose funds unconsciously, and it will probably continue to rise until the end of July. It will end up being between $50,000-53,000. Then it started to pull back and rise in early August. It will probably rise to around US$73,000 by the end of the year. The price will reach a new high in January 2025, then pull back in May - June 2025, and then reach US$150,000-$250,000 in September 2025. Then there will be a long bear market. If you don’t believe it, please save this post of mine. Let's witness history together 👍👍👍Follow me, I am a spot holder and the most patient spot blogger on the market. I will give you the confidence and strength to witness the arrival of the next bull market together!
Join BTC with us to #StartInvestingInCrypto click here
Are you prepared for the 60,000 or 72,000 mark? If you're ready for the pump, staying in the market is a no-brainer—you wouldn't want to exit when the surge is imminent.
However, if you're bracing for a dump, smart investors have already placed their buying orders at lower prices, ready to capitalize on the dip. Whether you're aiming for the highs or strategizing for the lows, make your moves decisively.
1st scenerion: BTC should stay above 65k and pump from here
2nd scenerio: BTC drops down to 60k and pump from there
worst case: It btc breaks and closes below 60k , that would be terrible and it may hit 53k again . My Prediction: BTC should Stay above 65k and pump from here . Always DYOR , Predictions and analysis could be wrong , Money management and risk management should always be followed to trade.
Bitcoin's price plummeted to $67K, something people were not expecting. 😲
Of course, these sorts of shakeouts are quite often turning points in price movements, but what do we have in store now? 🤔
One option is a bounce from here, upward to the $70K mark. 🚀 On the other hand, we might just see the price go down even more to $65K. 😱
Either option is possible, but no matter the case, I still think a bullish reversal is imminent, and this is just a discount price to buy and get in the market! 🤑
The message is warning that the area after Bitcoin (BTC) reaching $73k is considered a danger zone. It advises not to expect too much for now and suggests considering selling a portion of holdings if already in profit, and waiting for a potential correction. If BTC continues to rise to 75k, it recommends selling another portion and waiting to buy if it corrects.
The advice includes creating a plan for bullish scenarios (Plan A) and bearish scenarios (Plan B). The general trend is described as bullish, but it emphasizes the importance of seizing opportunities to sell for profit and buy during corrections.
In simple terms, the message cautions about potential risks after BTC reaches $73k, advises on selling for profit and waiting for corrections, and suggests creating plans for both bullish and bearish scenarios.
$BTC has attempted 70k again. The rising trend for a while continued to accumulate above the breakout line. #btc70k What is important for us now is to get above the lower trend line. With the break of this area, the new target zone will target 85k. If this area is rejected, it will return to the support line. I wish everyone good luck!
My previous post about $BTC went good. We saw a pump today . But I am about to highlight something more important in today’s update which is the green box marked in my chart below:
I call it the cursed box, because this is a ranged areas where BTC is having chop and chop with fake breakouts. Those who couldn’t buy the Saturdays Dip missed the whole Asian pump📈 session of Today.
Btc dropped 📉sharply back in the box when the NY session started which proved me that it was a fake out again.. but I think those who missed the perfect buying zone can enter now and add more if it dumps on Tuesday (Tomorrow), Take it as a swing trade and use proper risk management as this month is going to be so wild and Volatile…
But… soon we are going to experience UP, UP & UP only!
If you want some signals in the bullish market, do let me know in comments. Will be posting some serious profitable swings that will end you up in juicy profits! We are already done with Gaming Sector pump .
Next is NFT then AI. All you have to do is to get proper entries and wait for free money!💰
$BTC 🛑🛑🛑BTC Urgent urgent urgent update🛑🛑🛑 1️⃣ I asked CHATGPT about BTC analysis let's know what he said 2️⃣ I started asking him about the areas of support and resistance, so he answered first, the resistance, the first area is 67,750, and the second area is 68,000. Then he started with the support areas and said 66,000, then 60,000 to retest the rise, and then he also mentioned 65,000 for that. Then I asked again about the positive and negative retracement areas. He mentioned the negative areas 67,000 and 68,000 and mentioned the positive areas. 65,000 and 60,000 3️⃣ Then I started asking him again about the important breakout areas, so he answered that 68,000 has a chance to see upward momentum, but he mentioned the 70,000 area as a second area and has a greater chance of gaining liquidity and rising. 4️⃣ Then I started asking him about indicators such as RSI and MACD, so he answered that the RSI value is 58.48, indicating that there is buying momentum, but without buying saturation, so it is somewhat positive on the words of CHATGPT and on MACD, somewhat the opposite. He mentioned the value of -59.9, indicating that there is selling momentum, so here is a decline in this movement. It may be negative or positive, I'm not sure, but let me ask him about the months 5️⃣ What is strange is that he returned and repeated the same 60,000 support area over the course of the week, and the same 68,000 area, and over the monthly period. He mentioned the 50,000 area, which is somewhat a good area, but it is very far away. He mentioned an area that has a large liquidation, the 74,000 area, so he did not mention anything new to me. 6️⃣ Summary of the topic: CHATGPT is not useful in analysis and you cannot rely on it. The reason is clear: I have more information than it: retracement areas, support areas, resistance areas, and buying and selling areas. Therefore, do not expect that it will give you a historical analysis.
YESTERDAY BTC GAVE A FAKE BREAK-OUT ON 1H TIME FRAME AND AGAIN MOVED BACK INTO THE SYMMETRIC TRIANGLE.
CURRENTLY BTC IS CONSOLIDATING IN THE RANGE OF 67.6K - 67.9K, ACCORDING TO THE ANALYSIS BTC WILL BREAK-DOWN THE SYMMETRIC TRIANGLE BEFORE MONDAY OR ON MONDAY AND WE MAY SEE A RETEST TO 64.5K - 66K.
MARKET IS EXPECTED TO BE BULLISH IN THE END OF THE WEEK OR AFTER THE SUCCESSFUL RETEST (THERE ARE HIGHER PROBABILITIES FOR THE RETEST ).
NOTE: If 64.5k support didn't sustain the price we may see further drop till 62k - 63k.
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#BITCOIN DAILY TF UPDATE 📊📉📈: #BITCOIN on Daily TF, haven't moved a lot but back and forth in the range. Price in HTF, still inside the range and but now lying on the trendline though. Well, we can see some strong moves with the market by next week due to #NFP and other strong fundamental news. Good case would be a bounce from here or a dip will be best as that might be a liquidity grab. $BTC #Megadrop #MtGox #StartInvestingInCrypto #ETHETFsApproved
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