BitcoinLong
Bitcoin to 166400 by 5/8/25 Fib 0.618
Updated
Key Data Points:
Current Price: 98,065 USD
Predicted Prices:
Predicted Price (Chart for 8/4/2025): 166,400 USD
Predicted Price (Polynomial Model): 113,966.87 USD
Predicted Max Price: 115,736.8 USD
Predicted Min Price: 112,224.0 USD
Market Indicators:
Pearson Correlation: 0.93
R2: 0.86
RSI: 57.44
Bollinger Bands:
Upper Band: 102,970.89 USD
Middle Band: 96,873.84 USD
Lower Band: 90,776.79 USD
Prediction and Potential Correction Points:
Short-Term Path:
The price is expected to reach the Polynomial Model Prediction of 113,966.87 USD first, given the high accuracy of the model.
There might be a brief consolidation around this level, considering it's close to the Max Price Prediction of 115,736.8 USD.
Mid-Term Path:
If the bullish momentum continues, the price will move towards the chart prediction of 166,400 USD.
However, the market might experience corrections at key Fibonacci levels. Based on the significance of historical events (Covid and FTX) and recent events (ETF Top and Rate Hike), a notable correction might occur around the 0.618 Fibonacci level.
Potential Correction Points:
Around Polynomial Model Prediction (113,966.87 USD):
Minor correction or consolidation likely.
RSI near 60 may indicate overbought conditions.
Approaching Chart Prediction (166,400 USD):
Significant resistance expected, potentially causing a major correction.
The Fibonacci level around this price will be critical in determining support.
Post-Top Correction:
After reaching the high (166,400 USD), the market might correct towards the 70,000 USD range.
This level could act as a strong support based on previous trends and historical lows.
Overall Guess:
The price will likely move towards 113,966.87 USD with minor corrections.
Major correction expected after reaching the chart prediction of 166,400 USD.
Potential correction towards the 70,000 USD range, which would align with historical support levels.
Summary:
Short-Term: Minor correction around 113,966.87 USD.
Mid-Term: Possible resistance and consolidation around 166,400 USD.
Long-Term: Potential correction towards 70,000 USD after topping.
This is a speculative prediction based on the provided data and historical trends. Market conditions can change, so it's important to keep an eye on new developments and technical indicators.
Disclaimer: This is experimental output from a poly model i have been working on, not financial advice. cheers
Current Price: 98,065 USD
Predicted Prices:
Predicted Price (Chart for 8/4/2025): 166,400 USD
Predicted Price (Polynomial Model): 113,966.87 USD
Predicted Max Price: 115,736.8 USD
Predicted Min Price: 112,224.0 USD
Market Indicators:
Pearson Correlation: 0.93
R2: 0.86
RSI: 57.44
Bollinger Bands:
Upper Band: 102,970.89 USD
Middle Band: 96,873.84 USD
Lower Band: 90,776.79 USD
Prediction and Potential Correction Points:
Short-Term Path:
The price is expected to reach the Polynomial Model Prediction of 113,966.87 USD first, given the high accuracy of the model.
There might be a brief consolidation around this level, considering it's close to the Max Price Prediction of 115,736.8 USD.
Mid-Term Path:
If the bullish momentum continues, the price will move towards the chart prediction of 166,400 USD.
However, the market might experience corrections at key Fibonacci levels. Based on the significance of historical events (Covid and FTX) and recent events (ETF Top and Rate Hike), a notable correction might occur around the 0.618 Fibonacci level.
Potential Correction Points:
Around Polynomial Model Prediction (113,966.87 USD):
Minor correction or consolidation likely.
RSI near 60 may indicate overbought conditions.
Approaching Chart Prediction (166,400 USD):
Significant resistance expected, potentially causing a major correction.
The Fibonacci level around this price will be critical in determining support.
Post-Top Correction:
After reaching the high (166,400 USD), the market might correct towards the 70,000 USD range.
This level could act as a strong support based on previous trends and historical lows.
Overall Guess:
The price will likely move towards 113,966.87 USD with minor corrections.
Major correction expected after reaching the chart prediction of 166,400 USD.
Potential correction towards the 70,000 USD range, which would align with historical support levels.
Summary:
Short-Term: Minor correction around 113,966.87 USD.
Mid-Term: Possible resistance and consolidation around 166,400 USD.
Long-Term: Potential correction towards 70,000 USD after topping.
This is a speculative prediction based on the provided data and historical trends. Market conditions can change, so it's important to keep an eye on new developments and technical indicators.
Disclaimer: This is experimental output from a poly model i have been working on, not financial advice. cheers
Note
current_price: 98065
predicted_price_poly: 113966.87
poly_model_mae: 4573.51
poly_model_accuracy: 93.14
predicted_max_price: 115736.8
max_price_mae: 3586.57
max_price_accuracy: 94.16
predicted_min_price: 112224.0
min_price_mae: 6867.55
min_price_accuracy: 90.06
predicted_direction: Down
pearson_correlation: 0.93
R2: 0.86
signal: Hodl
rsi: 57.44
upper_band: 102970.89
middle_band: 96873.84
lower_band: 90776.79
timestamp: 2025-01-05T20:24:27.763957
Trade active
Based on the provided data and technical indicators, it's possible for the price to correct slightly from 98,065 USD towards the middle band of the Bollinger Bands, which is around 96,873.84 USD, before moving towards higher predictions.
Short-Term Correction:
The current price (98,065 USD) is close to the upper Bollinger Band (102,970.89 USD).
The middle Bollinger Band (96,873.84 USD) can act as a support level during a minor correction.
The RSI is at 57.44, which is not overbought but close to higher levels, suggesting some consolidation or minor corrections might occur.
Summary:
Correction Potential: Yes, it is likely for the price to correct towards 96,873.84 USD before any significant upward movement.
Support Level: The middle Bollinger Band (96,873.84 USD) could act as a support during this correction phase.
Next Steps: After a minor correction or consolidation around this level, the price is expected to resume its upward movement towards the polynomial prediction of 113,966.87 USD.
Trade closed: target reached
current_price: 96752
predicted_price_poly: 114926.5
poly_model_mae: 4588.78
poly_model_accuracy: 93.2
predicted_max_price: 120089.95
max_price_mae: 3634.99
max_price_accuracy: 94.18
predicted_min_price: 109985.06
min_price_mae: 6851.38
min_price_accuracy: 90.17
predicted_direction: Up
pearson_correlation: 0.93
R2: 0.86
signal: Moderate Buy
rsi: 58.14
upper_band: 102092.37
middle_band: 96774.8
lower_band: 91457.22
timestamp: 2025-01-07T19:48:15.939556
Disclaimer
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