Bitcoin Market State - February 2024

Updated
Current highest probability scenario for BTC. In this sequence I believe that Bitcoin is more likely to push for a liquidity sweep above the ATH till September, before plunging to the 5k-8k target (currently estimated to be reached in 2025)

In general, this is not a bull market move, but a higher order corrective structure. As before, I continue to anticipate altcoins to pop off during the bullish sequence.
Note
May 2024 Update:

Everything is moving perfectly, we're on track to the bullish target.

The peak for this bull run will be between September 2024 and March 2025. Expecting the bottom of the bear market to be in March 2026.

This will be Bitcoin's first global recession so anticipate hysteria as the TA models of analysts break down.
Bitcoin (Cryptocurrency)BTCChart PatternscryptoTrend Analysis

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