I foresee a certain trend for the Bitcoin price. The initial level drop originated from the symmetrical triangle, leading to the formation of a ‘head and shoulders’ pattern on the 4-hour chart that has just broken. However, I don’t believe this is the end for the bulls. I’m of the opinion that there’s still another upward movement to come. In the short term, it’s...
We're currently in a downtrend, with Lower Lows and Lower Highs; however, it seems to be looking slightly bullish right now. Lots of different data showing the price will likely increase to ~70k within the next few weeks. There is a lot of resistance within the yellow zone highlighted here. The price will likely face rejection within this zone and if we're lucky...
We are projecting an ATH of 198k by June 29th, 2025. For BTC to reach this it has some steps it needs to follow. These steps can be broken down into chunks and here we aim to break down the first part. Likewise, here is a quick evaluation of how BTC is currently doing and what may happen in the upcoming few days to a month. Bull: BTC may have corrected...
A small correction may soon occur. We are quite overvalued. We're just going to go over a few things so you may understand why we are saying this.. 1. If BTC is to hit its projected ATH of 198k by end of June 2025, it needs to proceed at a specific slope/trajectory. This slope is vastly below the current price; residing at 54.4k. 2. We are outside of our...
This Long on Bitcoin is very much LONG TERM due to the fact that the halving and so many of our indicators and others are pointing towards it. However, this Long in our opinion does have a temporary swing to it. We may be suspecting a temporary increase to ~48-50k in the upcoming 2 - 3 weeks BEFORE a Correction back to the 44.5-45k mark by February. After this...
Maker exhibits a continuing upward trend, moving fluidly with occasional technical corrections and brief pullbacks. Currently, Maker is nearing the resistance zone between $1,568 and $1,637, coinciding with the asset's yearly high. The primary objective for MKR now is to maintain its growth trajectory. Should buyers manage to break through the aforementioned...
This chart shows BTC trajectory Lines since 2012. If the downward bearish pressure keeps up this is a simple trajectory with a long tested trend.
Bitcoin's market dominance going into next bull spike price pf $250,000 or greater. Bitcoin dominance is already lagging and clearly the altcoins are slowly gaining dominance into this next bull run. I am using past Bitcoin dominance history as a probable scenario in the future here. Clearly you can see that Bitcoin topped out at the golden pocket fib zone and...