Has BTC reached its highest ATH yet?
The $110,000 price range is currently the highest ATH for BTC, right? In the near future, BTC on the weekly chart will 100% create a bottom around the $72k-$74k range or lower, depending on how the market evolves at that time. However, no matter what happens, BTC on the weekly chart will start moving and form another peak sometime in 2025. There are three possible scenarios for this peak:
If BTC experiences these types of price movements, what would you do with these scenarios for Bitcoin, Total Market, and Total Market 2 or 3?
The $110,000 price range is currently the highest ATH for BTC, right? In the near future, BTC on the weekly chart will 100% create a bottom around the $72k-$74k range or lower, depending on how the market evolves at that time. However, no matter what happens, BTC on the weekly chart will start moving and form another peak sometime in 2025. There are three possible scenarios for this peak:
- Plan A: BTC will move from $72k-$74k up to a range lower than $110k, then correct down and decline throughout the M cycle, potentially reaching the $50k range.
- Plan B: BTC will move from $72k-$74k up to the current ATH range, then correct down.
- Plan C: BTC will set a new ATH at the $125k range, which I have mentioned before. At this point, market momentum is still strong enough to reach a new ATH, but I will wait for 1-2 monthly candles to confirm this more accurately.
If BTC experiences these types of price movements, what would you do with these scenarios for Bitcoin, Total Market, and Total Market 2 or 3?
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The RainBow MG3 Indicator identifies trends, reference prices, wave start times, and trend endpoints while sending alerts to your personal Telegram. Join the RainBow MG3 community on Telegram: t.me/rainbowmg3
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.