Btcusdshort
BTC - LONG VIEW - UPDATEThis is an update to another chart which presumed the top came in April of 2021. With the new ATH in November, I thought it appropriate to update the chart.
With that new ATH of November 10th (69k lol) this bull run can no longer be said to have run short. In fact, it resembles the bull run from four years ago even more.
In both 2017 and 2021
BTC reached its ATH around 1.5 years after halving.
BTC reached its ATH around 1065 days from the bottom.
BTC broke its the previous bull run's ATH around 200 days from the halving.
On the basis of these and other similarities evident in the chart, I predict the following:
BTC reaches bottom around November of 2024 (or Fall in any case), but my guess is around the midterm elections.
Bottom will be around 15k, give or take a couple of grand.
After that, BTC begins to slowly rise, eventually breaking previous ATH of 69k after the next halving event in 2024, but probably in the Q1 of 2025.
New ATH reached in Q4 of 2025, probably around 150k.
This is just my game plan, not financial advice, and its subject to change if the model is invalidated. The most obvious invalidation is if we get a new ATH this year.
BTC Fake Pump?Is what we are seeing now a fake BTC pump? i believe it is, as i can see price going up towards the 19300 key level area to fill liquidity before moving back towards the 14000 key level zone. there is a lot of optimism in the market atm due to China reopening however i believe this will be short lived for the crypto market.