At the architecture faculty, I was taught that if it looks ugly in a project, then it won’t work. So this is another clear example of how events can unfold in the future. Given the exponential trend, we can assume that without the current stop Bitcoin price would have already reached $150k. But since this hasn't happened yet, the start of the swift rise period is clearly moving to the second half of 2025. Looking at this optimistic scenario, we can see that the resistance and support exponents each have their own magnetism and the price always made sharp falls after reaching the highs and a smooth rise untill excitement begins. So this time, it is quite likely, and ideally necessary, for the price to fall below the (orange) median expected in this case. I understand that the trends of the desired and the actual may differ and therefore I try to be objective. However, one way or another, the clarity of the picture speaks for itself.
A related idea (part 1) has a less optimistic outlook.
A related idea (part 1) has a less optimistic outlook.
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Disclaimer
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.