Bitcoin to continue meandering around this linear regression
Updated
Around 2019, BTC/USD began a linear regression that continues to be respected to this day. Now, it looks like we are currently making a move to the downside of the line, and I expect no lower than 38k. This is a long term play, and it may not be until early 2025 that the bottom is in, however it could be as early as November, which would be great timing for the presidential election. If Kamala wins, expect the bottom to be hit within a week. If Trump, then expect a short pump, followed by a long bleed into early 2025, and then the next run to an ATH will commence and I expect no higher than 100k.
Comment
To be more clear about the 38k- that is more an absolute bottom. More realistically I see it being closer to 45k, like shown in the chart.
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