Bitcoin / BTCUSD is only at the very start of an insane rally, coming off hot from the U.S. elections.
The Bear Cycle into the Bull Cycle was a Cup and Handle pattern, which has now transitioned fully into a Channel Up that is being supported by the 1week MA50.
As long as it holds, the Channel Up should remain intact and as in December 2022, we are now at the very start of the Channel's new bullish wave.
This should last until the end of 2025 and if the Cup and Handle goes for a full 2.0 Fibonacci extension target with two similar bullish waves of +379.50%, then the Cycle should peak at $350k!
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The Bear Cycle into the Bull Cycle was a Cup and Handle pattern, which has now transitioned fully into a Channel Up that is being supported by the 1week MA50.
As long as it holds, the Channel Up should remain intact and as in December 2022, we are now at the very start of the Channel's new bullish wave.
This should last until the end of 2025 and if the Cup and Handle goes for a full 2.0 Fibonacci extension target with two similar bullish waves of +379.50%, then the Cycle should peak at $350k!
Follow us, like the idea and leave a comment below!!
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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.