Based on all the input data in the previous analysis. I am making my trading plan for the next uptrend, which starts at the end of December 2023 and will end around September 2025.
1) In this cycle, Bitcoin will grow by no more than 700%, given the slowdown of upward trends every 4 years.
2) I do not think that this cycle will give 2 peaks, as in the last cycle, most likely it will be growth without corrections, with 2-3 months of small correction.
3) It will be possible to transfer from Bitcoin to Altcoins at the level of 70,000.
4) All dates and analysis are based entirely on the 10-year history of Bitcoin. I can't say where the market will go and whether the value of 116,000 for Bitcoin will be true. But I can do a history analysis and make a trading plan, which I show you.
5) In 2023, growth is over, I already have 17 arguments for falling and 0 arguments for growth. News is a throw-in, if you are trading on news about ETFs, then I feel sorry for you.
1) In this cycle, Bitcoin will grow by no more than 700%, given the slowdown of upward trends every 4 years.
2) I do not think that this cycle will give 2 peaks, as in the last cycle, most likely it will be growth without corrections, with 2-3 months of small correction.
3) It will be possible to transfer from Bitcoin to Altcoins at the level of 70,000.
4) All dates and analysis are based entirely on the 10-year history of Bitcoin. I can't say where the market will go and whether the value of 116,000 for Bitcoin will be true. But I can do a history analysis and make a trading plan, which I show you.
5) In 2023, growth is over, I already have 17 arguments for falling and 0 arguments for growth. News is a throw-in, if you are trading on news about ETFs, then I feel sorry for you.
Note
I will update the analysis every month. Everything is relevant:Note
Bitcoin Realized Price is the value of all bitcoins at the price they were last transacted on-chain, divided by the number of bitcoins in circulation. This gives us the ‘average cost basis’ at which all bitcoins were purchased, which is another way of describing Realized Price = $20,300Terminal price = $18,170
CVDD stands for Cumulative Value Coin Days Destroyed = $117,615
Related publications
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.
Related publications
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.