BTC Potential Correction to the 66-70k area in next few days
A small correction may soon occur. We are quite overvalued. We're just going to go over a few things so you may understand why we are saying this..
1. If BTC is to hit its projected ATH of 198k by end of June 2025, it needs to proceed at a specific slope/trajectory. This slope is vastly below the current price; residing at 54.4k.
2. We are outside of our YinYang True Value Zone. This currently resides at 68k.
3. We are still currently in a Blood Diamond; and likewise our Predictive Blood Diamond has occurred.
4. We have already hit a point where a Bearish Momentum shift should occur within our SFX Signals & Overlays; we're just waiting for the Bullish Momentum to end.. which may be soon.
5. The volume (you can see this at coinmarketcap.com/currencies/bitcoin/) still isn't where we need it to be 80-100b+.
Conclusion: BTC and the Market is doing great; however there may be a correction coming soon... and it may be within the next few days. Please take caution and be aware of any risks involved with your trades.
Expectation: BTC may correct back to the 66-70k area within the next few days. This correction may go further, or it may quickly resolve back into the 70k+, however, please be advised, that simply based on the Trajectory we need to get to 198k by July 2025, we are insanely overvalued and a correction WILL happen at some point if 198k by July 2025 is the ATH.
1. If BTC is to hit its projected ATH of 198k by end of June 2025, it needs to proceed at a specific slope/trajectory. This slope is vastly below the current price; residing at 54.4k.
2. We are outside of our YinYang True Value Zone. This currently resides at 68k.
3. We are still currently in a Blood Diamond; and likewise our Predictive Blood Diamond has occurred.
4. We have already hit a point where a Bearish Momentum shift should occur within our SFX Signals & Overlays; we're just waiting for the Bullish Momentum to end.. which may be soon.
5. The volume (you can see this at coinmarketcap.com/currencies/bitcoin/) still isn't where we need it to be 80-100b+.
Conclusion: BTC and the Market is doing great; however there may be a correction coming soon... and it may be within the next few days. Please take caution and be aware of any risks involved with your trades.
Expectation: BTC may correct back to the 66-70k area within the next few days. This correction may go further, or it may quickly resolve back into the 70k+, however, please be advised, that simply based on the Trajectory we need to get to 198k by July 2025, we are insanely overvalued and a correction WILL happen at some point if 198k by July 2025 is the ATH.
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