Starting today BTCUSD is currently at 60,900 - the mid-point between 80,000 (next all-time high) and 45,000 (following low). Which way will we go?
To the moon, of course 🚀🌖
We're currently at the bottom of the first shoulder in a typical head-and-shoulders pattern that we've commonly see Bitcoin perform. Strong downward resistance shows that while market pressure is strong, we are in a resilient market.
Soon we'll enter a bull run taking us up to 80-90k, before a sell-off of massive profits all the way into Q4 2024, where we see prices as low as 30,000USD per coin.
2025 will experience a massive bull market starting early Q1 as [insert breakthrough here] sends the crypto market through the roof. We will see all-time highs upon all-time highs up to the mythical 100,000USD mark.
And then, the sky is the limit.
Note
2024 Starting Price: Around $40,000 Year-End Price: Near $85,000 Key Events: The market sees a bull run as global economic recoveries post-pandemic lead to increased investment in digital assets. Large tech companies integrate cryptocurrency transactions into their platforms, further boosting demand.
2025 Starting Price: Near $85,000 Year-End Price: $100,000 Key Events: As inflation concerns rise, Bitcoin is increasingly viewed as a digital gold. A significant geopolitical event leads to a surge in Bitcoin investments as investors look for safe havens. The final push to $100,000 is driven by a FOMO (fear of missing out) rally among retail investors near the year-end.
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