Alot of people are bullish, or i guess i should say companies and hedge funds are bullish. This is just an idea based with chart proofs. Jan is the deciding month on what btc does for the year, as you can see from each arrow. Maybe a red candle to end jan 25 will be the beginning of a change in cycle frequency. On X, people are saying there must be a push up becuase of 4 year cycle and even for my self this current market structure doesnt look complete, but the bear market always begins when people least expect it. Mico has recently brought btc alongside hedge funds and other companies. Maybe because this cycle isnt bombarded with futures this could potentially be how much btc is truely worth rn. This is just a thought, similarly jan close could be green as ever and that would match with previous deciding points.*Targets* if green candle- tp 137k if red candle - tp 44k.
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also ofc if btc will be down for the year so will alts- alot of alts had made all time highs whilst others have been consolidating, end of jan decides their fate Note
so far btc looks like jan is going to end green, knew this would be a possibility but its always good to think of alternative direction. unlikely btc has topped, further confirmation will be jan close
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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.