BTCUSD Long Term Short
- Many traders are turning bearish on Bitcoin, but the bearish trend is not confirmed yet.
- Bitcoin’s price should first touch the long-term major trendline before a potential reversal.
- A good strategy is to sell at the trendline or use the Fibonacci extension tool for targets.
- Bitcoin is in the final phase of its bullish cycle, which started in 2022 and is expected to peak in 2025.
- Entering now could be risky, as a major correction is likely in the following years.
- Past cycles show Bitcoin experiences strong bear markets every few years due to halving events.
- From an Elliott wave perspective, Bitcoin is in its final wave before a potential correction.
- A price drop is expected in 2025 or 2026, bringing Bitcoin significantly lower.
- In the short term, Bitcoin is likely to rise before experiencing a major correction.
- Traders should consider taking profits and managing risks wisely.
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.