BitcoinLong
Bitcoin and mid-term Pi Cycle
Bitcoin could be winding up for its final push up to the 35K-
41K area. As you can see, in the years that follow the Pi Cycle top, bitcoin usually has a mid-term touch of the green moving average during its Reaccumalation phase. If we do see that touch this year, then i expect another correction down to lows. 15K may not be this cycle's macro low. I wouldn't be surprised to see 9K-
14K be tapped as well. however i will take it level by level with an open mind.
Long term, If the cycles keep playing out, then i expect to see another ATH in 2025.
41K area. As you can see, in the years that follow the Pi Cycle top, bitcoin usually has a mid-term touch of the green moving average during its Reaccumalation phase. If we do see that touch this year, then i expect another correction down to lows. 15K may not be this cycle's macro low. I wouldn't be surprised to see 9K-14K be tapped as well. however i will take it level by level with an open mind. Long term, If the cycles keep playing out, then i expect to see another ATH in 2025.
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.