Not $130,000, but actually higher, thinking more of a price figure around $155,000, or even $180,000 - $200,000 if inflation gets out of control, the only part that would need to be adjusted is the date.

Bitcoin is not going up, but Bitcoin is growing and has been growing for a long time. This is something I cannot argue with and something no one can or will argue with, we all agree. Bitcoin is going up.

In 2025 we don’t expect small targets like $100,000 and $130,000, these numbers are fairly straightforward and will likely be the first major milestones reached as bullish action intensifies around March 2025 or later. This type of level could be reached now, in October, November, or even December 2024.

Bitcoin is still testing the support at Ma 200 and with a breakdown you have the levels to activate a major bull run.

What should we expect from the upcoming bull run?

The top will most likely be an explosive top. This means there will be no long-term double top like in 2021. Think about December 2017. This is based on the known alternation law in Elliott Wave Theory and also based on past history. So this can make the next bull market dynamics quite interesting.

Here are two scenarios to consider:

1) A cliff-like drop means that a peak is followed by the beginning of the next bear market. If the action starts early, then this top can be reached within 5-6 months, so the bull market of Bitcoin will end around April-May-June, followed by a long-term bear market action. It is possible, but unlikely.

2) Peak in late 2025. This scenario is more likely because Bitcoin tends to peak at the end of bull markets. This is to give the rest of the market time to play out. With this in mind, we will have plenty of time for the bull wave to develop, and it will take many months of price increases, think 2023 repeat.

Imagine Bitcoin goes all-in and hits new highs by the end of Q1 2025. Then a small correction, sideways for a few months, with further price increases. We could see 3-7 months of consolidation before the final bull run. The final bull run would produce a new all-time high, peaking between $155,000 (conservative estimate) to $180,000 to $208,000 (inflation/war scenario). This is more consistent with Bitcoin's past performance.

Go long Bitcoin after the correction is over.

We continue to see lower highs and will experience lower lows next.

See the 200 day moving average on this chart, Bitcoin can generate strong support below this level, which will be the bottom of the long-term correction. After this bottom, we will rise again#BabyMarvinf9c7
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