This is one of the path that Bitcoin could take. Would be long grind.
This is my Bitcoin macro thiesis for the upcpming months.
Here’s my view of the BTC bottoming out. I strongly believe we will see weekly 200MA touchdown.
My expectations are somewhat cautious. By seeing the current state, i do not see any short term bullish mentality from the retail. I expect BTC to capitulate and start the slow uptrend from there.
I believe we will tak down another low and capitulate before strt the next leg up
I see ATOM as being in consolidation and accumulation area. Time to accumulate until that bounce area that marks the multi-month trend line. If that trend line fails, then accumulation continues and all bets are off.
Here’s my take on Bitcoin move short term. I believe we are in a painful correction and not bear.
Seeing this RSI trendline in play. Within couple of months i expect BTC to break out to the upside from this. Fingers crossed.
After this big correction we are under the bull market support band, that makes lot of traders cautious. Here are the support lines to hold. if they fail, we have more downside. Can't see today hordes of new liquidity coming, so my outlook is continuous accumulation for Bitcoin. Altcoins though seem to have momentum and next months will be their time.
Short term weak. Seems its missing the juice to push upwards and preparing to go down to get the momentum up. Green areas is where i see the support and buy areas.
Liquidity grab within next week. Long term bullish.
I see ETH being bullish in the short term against BTC. It will play inside the flag and at the end of dec breaks out and shoots to the upside.
BItcoin is ready for blastoff and leave this hestitation period behind.
How about this one. What if we enter bear and get over 1 mil. BTC in 2025.
Just another prediction. Copy/paste the trend from the last cycle final leg up. Let’s see how it plays out this time.
I would expect a retrace back to 0.618 Fib level. From there it finds the support and shoots to the upside.
We are getting closer to a MA sqeeze. It means there will be shortly decision point for the Leash, where to heqad.
Unfortunately, we are on a downtrend. I see the next support line at 0.25 ETH. We'll see how it goes from there.