BTCUSD bull market run up and beyond
Updated
as i learn more and gain better understanding of the market this chart evolves into a thing of beauty....
Still looking for a pull back to test fib ret 61.8% area (30-31k) If that fails then sma200, may offer a opportunity to strengthen the position.
Alt's could potentially rally @ 43k, triggering btc to fall to January's ETF/Greyscale sell off price of below $40000.
i would expect BTC to recover momentum and dominance at the post halving 165 day range, so lets say mid to late September. It remains to be seen if we will see a new ATH this year or early 2026 & how deep a retracement may follow. Could we bounce from an ATH down to a 38.2% retracement of $52000? Seems unlikely to me considering the macro factors at play. lets hope for a nope stop ride to the moon or at least $110000.
Still looking for a pull back to test fib ret 61.8% area (30-31k) If that fails then sma200, may offer a opportunity to strengthen the position.
Alt's could potentially rally @ 43k, triggering btc to fall to January's ETF/Greyscale sell off price of below $40000.
i would expect BTC to recover momentum and dominance at the post halving 165 day range, so lets say mid to late September. It remains to be seen if we will see a new ATH this year or early 2026 & how deep a retracement may follow. Could we bounce from an ATH down to a 38.2% retracement of $52000? Seems unlikely to me considering the macro factors at play. lets hope for a nope stop ride to the moon or at least $110000.
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Trade closed: target reached
First published the idea that Bitcoin could reach a new ATH prematurely on 11th Feb. Exceeded expectations. Simply not bullish enough.
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