Bitcoin BTC price can repeat the growth fractal from 2020-21?
Updated
The fall of stock markets and the crypto market on 📉"Red Monday" 05.08 was called the most painful since the beginning of the Covid-19 period in March 2020.
Who we are to argue with "analysts and giants of financial thought"?)
We have copied the fractal of
BTCUSDT price behavior since March 2020 and applied it to the current situation.
😱 And it's a "magic", at now everything is very well relevant
Then we "seasoned" the chart with the marks when the Fed rate could be cut, namely: 18.09, 08.11, and 18.12. and added a "little" fibo levels that can work well in the future, because they worked well in the past.
And here's what we're getting:
1️⃣ for the next week, the price of #BTCUSD shouldn't fall below $52,000
2️⃣ growth acceleration after the first Fed rate cut.
3️⃣ 2025 should be greeted with the price ofBTC around $77000
4️⃣ and by the end of 2025, it would be nice to see $154000 forBTC
Write comments under the idea and put 🚀 to subscribe, and watching how it will work out.
And the more reactions will be under this idea, the more interesting idea updates we will make ;)
Who we are to argue with "analysts and giants of financial thought"?)
We have copied the fractal of
BTCUSDT price behavior since March 2020 and applied it to the current situation.😱 And it's a "magic", at now everything is very well relevant
Then we "seasoned" the chart with the marks when the Fed rate could be cut, namely: 18.09, 08.11, and 18.12. and added a "little" fibo levels that can work well in the future, because they worked well in the past.
And here's what we're getting:
1️⃣ for the next week, the price of #BTCUSD shouldn't fall below $52,000
2️⃣ growth acceleration after the first Fed rate cut.
3️⃣ 2025 should be greeted with the price of
BTC around $770004️⃣ and by the end of 2025, it would be nice to see $154000 for
BTC Write comments under the idea and put 🚀 to subscribe, and watching how it will work out.
And the more reactions will be under this idea, the more interesting idea updates we will make ;)
Note
No matter what anyone says, the clear upward trend in the BTC price has been going on since early 2023.
There are corrections, but the trend is upward.
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Good morning
What do you think, is the
BTC price moving according to the fractal or not?
👍 Vote at comments 👎
Note
💸 In just 4 days, Tether has transfer about 1.3 billion USDT on the CEX exchange. Half of the amount is on Kraken, another quarter on Coinbase, and the rest is split between OKX and Binance.
This is in addition to the 0.5 billion USDC printed this week.
Tether will also double its staff over the next year to better meet "regulatory requirements."
As they say: think about it)
📈 The Fear and Greed Index has risen to 48 - a neutral level. And yesterday it was 20.
Somehow, fear "let go" of everyone too quickly, so it will probably be necessary to scare them down again
⚒ Bitcoin miners' reserves have fallen to a 3-year low - the total number of coins held by miners has dropped to 1,510,300 BTC.
Well, we've already discussed this - the "uncles" have the money and will buy up all the "unnecessary" bits. But they are "gentlemen" and did not lower the price below the cost of industrial BTC miners 40-45k)
💰 CryptoQuant analysts reported that the selling price of short-term Bitcoin holders is around ~$65,000.
They are talking about those "who bought on the high... and ..." are ready to sell their BTC at "zero" to get rid of those nerves with crypto)
🦅 Bloomberg predicted the launch of options on BTC-ETFs in the fourth quarter. The decision on another "toy for big money" should be made by 21.09
And on September 18, "colleagues in the shop" should give their verdict on the Fed Funds rate.
And on October 01, the new fiscal year begins in the United States.
The Autumn promises to be "hot")
Note
Ready... Steady.... Go !)
BTC.D down = altseason
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Good morning
What do you think, will the
BTC price move further along the fractal, yes or no ?
👍 Vote 👎
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BTC price has been moving strictly according to the fractal for 6 days
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Go...go.... BTC price
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