Based on Elliot Wave Analysis and Fibonaci lvl-s in the past, this is the prediction for BTC till the end of the cycle.
Pesimistic : 220K is cycle top
Optimistic: 1 million
In case USA in 2025 starts money printing again like crazy, causing global inflation, or in case of a serious conflict escalation, the country can start panik buying to stop local currency...
We have clear signs of RSI divergence on (Total3-USDT)/BTC chart.
This chart is basically an alt-season oscillator.
The maximum downside potential from here is another 27-30%
The upside reversal potential is at least 75%.
To not have FOMO I recommend investing 1/2 of alt-coin deposit in current range.
Another 1/2 of your founds should want a potential drop...
This analysis is based on 2019-2020 fractal, which is extremely similar based on price action and RSI waves.
I predict another wave of dump with another -50% on alts, then a long consolidation , next alt season, may be beginning of 2025 may be end of 2024
We have clear signs of RSI divergence on (Total3-USDT)/BTC chart.
This chart is basically an alt-season oscillator.
The maximum downside potential from here is another 27-30%
The upside reversal potential is at least 75%.
To not have FOMO I recommend investing 1/2 of alt-coin deposit in current range.
Another 1/2 of your founds should want a potential drop...
In a few weeks I expect BTC to crush to the support level of 25k.
In case bull trendline will hold, I expect a powerful bounce for a week or so, up to 48k per 1BTC, after that we can see another period of consolidation and continuation of uptrend.
Current cycle top might be as high as 140k per 1BTC
In other case, if 25k trendline will not hold, I expect a...
Short till MA21W, 31 April , target 43k
Then long till 13 may, where we retest zone 58300-59000
About 15 may BTC will decide it's further trend till autumn, short or long.
It's either 90k buy the end of May, if bulls win (lower probability) or it's 35k if Bears push the price below 58k.
Then we have some flat, another correction, and again lower lows till mid...
This fractal has been taken from 3k-4k accumulation zone.
Fractal has been adjusted in shape, made smaller and shorter based on shorter accumulation period, 3 months current triangle vs 6 month triangle in 3k-4k price range.
The result is incredibly similar and optimistic.
First target is 17000$, then a 13500$ correction, then a 20000$ and a new all-time-high in...
