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$BTC $AVAX $ZRO RIP Shorters In the current market phase, most traders have become accustomed to expecting a drop after every rise. This behavioral pattern creates an ideal setup for a trap, as many will likely sell during this recent upward movement. Once retail investors finish their selling spree, the market is primed for a strong, rapid surge—an aggressive "pump" that won’t allow time for hesitation and will leave sellers caught off-guard. As for those holding short positions, it’s fair to say they’ll face significant losses.
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$BTC $AVAX $ZRO Analysis of the Bitcoin Price Cycle. Invalidity of the Monthly Box Reference The use of the monthly box shown in the chart as a reference to predict Bitcoin prices is illogical in my view. This is because it does not align with the four-year Bitcoin market cycle, which alternates between bear markets and bull runs. Given that we are currently entering the fifth phase of the cycle, I believe this reference point is inaccurate. Comparison with May 2017 At this stage of the cycle, I consider our current position to be similar to May 2017, which marked the final upward phase leading to the peak of the bull run. I anticipate that we will witness price surges similar to those seen between May and December 2017. Forecasting the Bull Run's End Assuming that May 2017 corresponds to October 2024 in the current cycle, we can expect the bull run to conclude in approximately six months. This suggests that Bitcoin may reach its peak by April 2025, followed by a significant decline. #BTCPredictedNewATH #BTCUptober #LearnTogether #InvestSmartly
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$BTC #bitcoin☀️ In this analysis of the BTC/USDT chart on the 3-day timeframe, we observe a potential bullish scenario based on key technical indicators: 50 MA Breakout: The price has recently approached the 50-period moving average (MA), which acts as a significant dynamic resistance level. If the price successfully breaks above the 50 MA and sustains this level on a 3-day close, it could indicate a shift in momentum toward bullish market sentiment. Historically, moving average crossovers often lead to substantial price movements, particularly in larger timeframes like this one. Fibonacci Retracement Levels: The chart incorporates Fibonacci retracement levels, particularly focusing on the 0.236 level at approximately $63,294. A clean break and hold above this level would reinforce bullish momentum, as this retracement zone often serves as a critical resistance point after a market pullback. Breaking this level could signal that the correction phase is over, with the bulls regaining control. Potential Upside to $74K: Once the price clears the 0.236 Fibo level, the next significant resistance would likely come from the previous all-time highs near $74,000. A breakout from current levels could generate enough bullish momentum to push the price toward these highs. The yellow arrow illustrates this expected price hike, assuming the necessary breakout occurs. In summary, if the price confirms a breakout above the 50 MA and 0.236 Fibo level on the 3-day chart, the path toward $74K could open up. This potential rally is contingent on market sentiment remaining positive and the breakout being sustained.
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$BTC Did you know that the FED implemented the largest interest rate hike in history? #FOMC
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Fed did this ...For the first time in history
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