Be careful begun a non-stop growth to 150 thousand without any corrections. My previous Bitcoin bear cycle prediction:
Each growth cycle is about 60% of the previous growth cycle. Each time the last 5th wave of the growth cycle is one of the most growing and fastest.
At the moment the 5th wave is being formed, which will reach the target of 150k in a very short time. After which there will be the ABC correction wave to 50k. It looks like the bears are going to have a very hard time.
The 1st wave began in June 2022. The 2nd wave began in December 2022. The 3rd wave began in June 2024. Will wave 5 be equal to wave 3? If so, target 140.
If a triangle is formed, then the exit from it will be upward with a target of 140
Strengthening of the RUB Target 84.5 by October 2025
It's the time of the bearish trend for all cryptocurrencies. The crypto has been in a continuous downtrend since early November 2021. Perhaps we are at the beginning of the end crypto! "Europe must ban Bitcoin mining to hit the 1.5C Paris climate goal, say Swedish regulators"
The double top appeared on the weekly chart, which means the beginning of a trend reversal. Today the price fell below the $ 4,000 support level. This is a good sign of confirmation of a downtrend that has been going on for almost 1 month now. In the medium term, we should expect a price of about $ 400.
The double top is a frequent price formation at the end of a bull market. In this case it signals that a downtrend has begun. The 24-month target price is about 15,000 USD
It's time to sell bitcoin. A steady downtrend is being formed in the market since Nov 8, 2021. It is easy to see that this weekly double top formation is predicting prices to drop by nearly 75% over the midterm to 15,000.
Cryptocurrency has been battered in a brutal 24-hour period, with bitcoin in particular suffering a $14,000 loss in an hour. Unfortunately crypto is about to die. It's 2022 soon not 2018 and crypto is under unprecedented pressure. First, there is pressure from governments: ⭕️ China has declared all cryptocurrency transactions illegal; ⭕️ EU will make Bitcoin...
The first goal has been achieved. Looking forward to a return to levels 40 - 45k. After that, an inevitable fall to targets below 20K will follow.
Bad news for Bitcoin: Sweden wants the EU to ban mining.
Growth to 100k from current prices (47-45k) looks impossible. I am sure before the start of the bullish trend Bitcoin will drop to 20-25k.
Excellent potential, deeply undervalued. It's an excellent value bet to take. It has a 8.17% current dividend yield. Target for six month period — $60. TESLA? No! OXY? Yes!
#1 mid-term trade should enter a long from current levels with a stop loss at 230 and a take profit about 250; #2 mid-term trade — short from 228 with a stop loss at 233 and a take profit about 205;
1) goal until March 2020 — 3300 2) goal after March 2020 — 2700 I wish you More Profit and a Happy Next Year! ;)
USDRUB_TOM Forecast For Next 4 months