Bitcoin through next halving - on the cusp of a new cycle
Updated
If BTC makes a corrective move up and re-tests this region as support - this is what we think could happen. The tops/bottoms are never 100% accurate and change as market dynamics change - but this should give us a rough idea.
Trade active
Note
Another update/snapshotNote
She's a beauty isn't she? I am a bit concerned if we exceed ATH before the halving. If that happens, my gut is telling me a sharp correction (pretty steep), but a second wave closer to 2025 or into 2025Note
Spot on accuracy through May - let's see how the rest of the year shakes out...Note
Let's goooooooo! Patience my friends, patience.
Trade closed: target reached
Added a new resistance line via BLUE from the 2018/19 bottom through 2020 support. This view gives us greater visibility into where a top might be.
The path I laid out has followed pretty much on point. The end of this run is where the big question mark still is.
I would keep an eye on this Blue resistance line. My current feelings are that the run may extend beyond Q1 2025 and make attempts to tap that line. This then means that the top figure will end up being based around WHEN it approaches that line in 2025. I do not see it going beyond 2025 before a correction.
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