Bitcoin
Updated

BTC 4h may reach bottom between 2024-02-01 and 2024-02-11

914
BTCUSD 4h chart may reach bottom between 2024-02-01 and 2024-02-11.

This analysis is based off of:
  • historical data;
  • trend analysis;
  • previous cycles near halving; &
  • laying multiple different analysis together to obtain confirmation of a best estimated time of for the bottom.


Note: This is subject to known unknowns; such as outside variables and black swan events (small or large) that may shift the market price of BTCUSD .
Note
Image for this Idea:
snapshot
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BTCUSD 4h may reach bottom between 2024-02-01 and 2024-02-11
(click to play)
BTC 4h may reach bottom between 2024-02-01 and 2024-02-11
Note
Stronger Support Lines:
snapshot
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enhanced (black & white) what a repeat of the 2020 Q1 crash may look like if in Q1 2024:
enhanced (black & white) what a repeat of the 2020 Q1 crash may
Note
snapshot
Note
BTCUSD 1D $40156 to $43345 with a close eye on $36963
(click to play)
BTC 1D $40156 to $43345 with a close eye on $36963
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2h BTCUSD Image: Some additional labels:
99-day & 200-day EMA. 1-day & 1-week trend:
snapshot
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BTCUSD 2023-12-12 and 2024-02-02 roughly:
2023-12-12 and 2024-02-02 roughly
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DCA limit buy $39866.60 (target next 30 days)
$42166.60 and $41266.60 are close also.
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4h BTCUSD DCA entry $39866.60
(click to play)
4h BTC DCA entry $39866.60
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recent DCA peaks: 2023-12-08 ; 2024-01-01; 2024-01-08; 2024-01-30; & 2024-02-07
(click to play) 2h BTCUSD
BTC 2h $40156 to $43345 with a close eye on $36963
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The 8th (increase) to 12th (decrease) of 2024-01.
Now the 8th (increase) to 12th (decrease) of 2024-02 'may' repeat.
However, I expect that the 12th 'can' be the next bottom's end.
Note
1W BTC DCA Analysis with Price Labels:
Next Possible DCA Target: near 2024-02-12
(click to play)
1W BTC DCA Analysis with Price Labels
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$150000 to $250000 is still very possible for 2025

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