$BTC TOP 20 - LONG TERM PROJECTION -
Added 2024-07-06 15:49:09 +0000 UTCIn my last $BTC update I said I would add the longer term view of Bitcoin, so this is $BITCOIN covered until 2027.
As I mentioned before, the $125k level is possible, as its the 1.618 Fib but I would not expect this until the second half of 2025.
Please refer to my previous chart for the short term movements.
However, interesting to see the 50 Weekly MA moving up to the 0.38 Fib here at $51k....making this a confluence level on the weekly chart.
I have contemplated over the last week adding $BTC if we can get a further pull back or doubling my $ETH position....I am still considering this but will likely do one or the other.
Comments
Gar fascinating that 125 is the 1.618 and also the linear equal spaced top I have on my chart .. in very similar timeframes #math!!
TommyJR
2024-07-08 10:46:43 +0000 UTC@thelongInvest Is there any particular reason why you seem to use actual scale for the fib retracements and not log scale?
BBindelay
2024-07-07 20:14:22 +0000 UTCCorrect me If I am wrong Cap, but the last couple years hasn't bitcoin (or crypto, in general) led the US markets?
DiegoTheSabre17
2024-07-07 18:05:34 +0000 UTCWith SPY going into ABC correction after this wave 5. BTC is expected to complete its ABC correction first and move up even if spy is correcting?
Huat
2024-07-07 05:24:40 +0000 UTCLooks like a cup and handle forming which fits with your 125 k projection
Peter Mossop
2024-07-07 03:10:45 +0000 UTCAny insight on what process you follow to determine when would price start to approach the 1.618 Fib at the second half of 2025?
Francisco Alanis
2024-07-07 01:44:45 +0000 UTCHi Cap. Your thoughts on BITO , BITX for the folks who dont have any crypto?
jp
2024-07-06 16:00:14 +0000 UTC
