BitcoinLong
The Final Stretch for BTC: A Macro View
Updated
We are entering the final stretch of the BTC bull market. Compared to the 2018-2021 market, BTC still has 5-10 months until the end of the cycle. If we experience similar gains as last run, the price of BTC could very well reach 200k at its peak.
The path of progress will be messy, as we've entered the distribution phase which will hover above the 100k level for the next 5-10 months, with multiple major corrections along the way. I highly doubt the price of BTC will fall below the previous 73k ATH.
This forecast bodes well for those holding altcoins, as we can expect to see a violent increase in prices over the next several months. There will be at least 1 major sell-off during this distribution phase, from which the top of the bull market forms and the bear market ensues.
I will exit the market if 1) BTC hits 200k, 2) we reach the end of 2025, or 3) the price firmly closes below the weekly 21 EMA.
Bottom line: brace yourself for volatility and prepare to exit the market.
Happy trading,
Melonfarmer
The path of progress will be messy, as we've entered the distribution phase which will hover above the 100k level for the next 5-10 months, with multiple major corrections along the way. I highly doubt the price of BTC will fall below the previous 73k ATH.
This forecast bodes well for those holding altcoins, as we can expect to see a violent increase in prices over the next several months. There will be at least 1 major sell-off during this distribution phase, from which the top of the bull market forms and the bear market ensues.
I will exit the market if 1) BTC hits 200k, 2) we reach the end of 2025, or 3) the price firmly closes below the weekly 21 EMA.
Bottom line: brace yourself for volatility and prepare to exit the market.
Happy trading,
Melonfarmer
Trade active
For additional context, BTC usually peaks 480 days AFTER the halving. We're currently 231 days after the BTC halving.
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