Hey investors, As we approach the 2024 Bitcoin halving, we're seeing some exciting developments on the BTC chart. Bitcoin is currently breaking out of a bullish flag formation, echoing similar setups we've seen in previous cycles. Last time we had this pattern back in 2020, it led to a 390% surge, pushing BTC to $69K. With the halving in sight and the supply...
The altcoin dominance chart presented signals a strong bullish setup for the next wave, potentially stretching into 2024-2025. By analyzing the cyclical behavior from previous altcoin seasons (notably 2016-2017 and 2020-2021), we observe a repeating pattern where altcoin dominance sharply rises after a period of consolidation. Historically, after each retracement...
This chart tracks the total crypto market cap, highlighting key historical milestones and potential future movements. Starting with a new all-time high (ATH) of $700B in 2017, it shows significant growth, hitting $3T in 2021 before retracing to $800B. The market has since rebounded, consolidating in a middle zone between $1.3T and $1.5T. Given the upward trend and...
Bitcoin's price action continues to show a strong bullish trend. After multiple corrective pullbacks, the price has consistently rebounded within the established channel. We saw significant corrections of -20%, -22%, and -28%, yet BTC remains on course for a potential breakout towards the next major top in the $100K+ range. With strong support holding at ...