Using the BLX chart on the 2 days to show Bitcoin as a scenario 2 possibility for Bitcoin reaching this 330k value by April instead of the end of year 2025. there are certain parameters used to make this assertion. On the first bear market of 2014 from the bottom to the next higher low was about 220 days and then the bull started for the next cycle. The next was in the 2018 Bear where we had the first low at $3200 and then the next higher low at $3900 which represents about 454 days before the next bull cycle kicked in where Bitcoin hit a high of 69k in 2021. If we take this double increase difference and add it to this next cycle we will see a possible 800 days from the first low to the next higher low and we get our possible April date for the Bitcoin peak in 2025. I am using a fractal plus the Beambands as an indicator for this possible target price which coincides at top of beamband in 2025.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.