Bitcoin is moving within an ascending channel. The lower band of the channel is being tested severely. If the price maintains its upward trend, it is highly likely to rise above $100,000. If the price shows weakness here, declines may deepen to $38,000. Will the Bulls or the Bears win? I am a bull.
The crypto total marketcap has previously experienced two uptrends that lasted 1064 days. We are in the third cycle and there are 518 days left until the completion of the 1064-day trend. The cycle will be completed in November 2025. We'll see if history repeats itself.
Yes, it certainly seems impossible for this to happen one-to-one. I just wanted to share it as an idea.
Is it the last drop before the halving? Or is it the beginning of the decline? Preparation for a new ATH? Many dynamics will change in the next week.
Over the last 2373 Days, bitcoin has experienced volatility between $1830 and $69,000. During this period, bitcoin closed with a green candle 4 times for 7 consecutive weeks. This week, it will repeats the record by closing green candle for the 5th time in 7 consecutive weeks. In the cycle I mentioned, the green candle could not close for 8 weeks. After...