A measured move of this cone so far would place BTC at right around ~$100k.
This aligns well with historical performance of BTC heading into a cutting cycle. If we rally into September and have a selloff following the cuts (sell the news), I wouldn't be shocked. This is a pattern that has happened in multiple years of the previous QE/QT Cycle (2016/2017, 2019/2020).
The real fireworks will be in 2025 if things go according to the FED's schedule
Note
Following the path exactly as expected :)Note
Playing out beautifully Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.