BitcoinLong
BTC Late Cycle Bull Run 2024-2025
Updated
Chart shows, two diagonal pitchforks. Red Line is the midline and may act as resistance.
Chart shows, horizontal Fib extension lines that I expect to act as resistance. Each extension noted may act as the final 3 "drives" to the top, as marked with white label.
Chart shows, pink curve/exponential line that BTC has traded against in previous cycles. Once this line is cross towards the downside, it may signify Bear Market.
Chart shows, yellow box at Top that is the intersection of several meaningful indicators that may be the confluence where BTC runs out of steam.
Look for Weekly and Daily RSI to be making lower highs and below 80 as price climbs from 100K.
Estimated BTC top, January-March 2025.
Chart shows, a Bear Market guess into the future, but also at a point where a few indicators converge, including a price that is similar to today.
Chart shows, horizontal Fib extension lines that I expect to act as resistance. Each extension noted may act as the final 3 "drives" to the top, as marked with white label.
Chart shows, pink curve/exponential line that BTC has traded against in previous cycles. Once this line is cross towards the downside, it may signify Bear Market.
Chart shows, yellow box at Top that is the intersection of several meaningful indicators that may be the confluence where BTC runs out of steam.
Look for Weekly and Daily RSI to be making lower highs and below 80 as price climbs from 100K.
Estimated BTC top, January-March 2025.
Chart shows, a Bear Market guess into the future, but also at a point where a few indicators converge, including a price that is similar to today.
Trade active
Bear market bottom could wick down to top of March 2024 move at 74K. This would keep it above the 2021 peak, would mean that 1.618 Fib around 100K is the final technical and psychological resistance prior to the wick.
Wick down to 74K also looks to the be lower pitchfork mid-line. Another point of confluence and support in this instance.
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