RetiredNovice
Here is my prediction of the possible price action for BTCUSD leading up to and a bit after the Bitcoin Halving. Previously I expected a big dump pre-halving but it looks like that has already happened if we look at the technicals. BTC looks to be creating higher lows and I think it will continue to do so until the halving whilst topping out. After Bitcoin...
just updating the zone, the last target was reached - but I'm not too sure if it will pan out up like the last two ideas I posted like this
Do you see what I see? Do you hear what I hear? Do you feel what I feel?
Watch this zone because it may be the last bullish indicator pre-halving. If BTC fails in this zone it could retrace down to $62k before the halving which would still be good for the bull cycle. This zone could cause us to go higher and super-cycle if we break above and hold the line into the halving. All eyes on this zone.
Bitcoin dropped down to 38k while everyone was extremely bearish after the "sell the news" event of the ETF. I saw people say 32k next, 28k is a magnet, blah blah blah. The fact of the matter is that below 30k is nearly impossible at this point considering how many catalysts are to come for Bitcoin. #1 The ETF doesn't matter as much as people thought it did....
The chart is self-explanatory here. The hourly chart as well as lower time frames show a cup and handle forming pattern which is typically bullish to the upside. Fed news was positive - they confirmed 3 rate cuts this year so the market will continue to frenzy and BTC will do what ever Wall Street does, unfortunately.
I'm flipping bearish because I know if I do Bitcoin will magically do the opposite and go up next week. Please let me be wrong like always.
BTC will start to make sense again. If it doesn't continue this uptrend then it will go back to a more reasonable range.
Bitcoin looks to be moving up some more - I expect it to go sideways a bit leveling off higher then forming a cup and handle on the hourly time frame then more upside. Pay attention to my levels. Above the ATH resistance is $75-76k if that break there's no telling how high it will go.. maybe 80k, or 82k, it's anyone's guess but rejection is always possible. I will...
Perfect unison. Perfect Interval. Perfect cross. Perfect Rubber band elasticity. TGIF and BTC looks like it wants to go up more.
Last time when I posted "38k is the bottom and you missed it" people called me insane and a moonboi. It seems that a lot of you still have PTSD from the previous bear market. This makes sense but we are no longer in a bear market and you need to get that ideology out of your head or you won't make any money. The bull market started the first moment that BTC passed...
LAZER DIM BTC blows up more here Cup and handle forms on weekly then higher
AMC looks to have formed a cup and handle into a bullish continuation. Now I believe that it will stay in this blue range into ascension. Lots of potential upside ahead.
This zone is very important for BTC as a make-or-break point. It will need to stay above these core lines to continue upward movement in the short term. If it breaks below on the daily expect lower. P.S. 38K is the bottom and you missed it.
BTC will go back up eventually just like the 2019 to 2021 boom, could take months even a year but we will have a massive blow to the upside just like in the past. History likes to repeat itself.
Bitcoin looks to be forming a double top on the daily. I have predicted how this could play out. This same pattern could be made but the bottom being 38K instead of 32K so pay attention to price action in March. Permabulls and Perma-Bears both get wrecked in this market so you have to know when to flip-flop. I am currently out of the crypto space for the time...
Bitcoin looks to be going according to plan. This last leg-up will be the final fakeout before the big shakeout. As you can see with this daily range, BTC has not broken out of this channel above 50k - Only then will bullish continuation be valid. Unfortunately we still have many months to go before breaking above the 50k range and experiencing full bull euphoria....
Don't get overly bullish - Bitcoin could play out how it always has and continue sideways. Back to the future. History doesn't always repeat itself but it sure does rhyme.