Bitcoin - Historical trap (122k then 60k in 2026)Bitcoin is in the final stage of the bullish cycle, and we want to look for the best price to sell and prepare for the 2025/2026 bear market! The best price to sell Bitcoin is at the 1.618 FIB extension or at the main long-term 2017-2021-2025 trendline. This is exactly at 122,069, as we can see on the chart.
Many people are saying that it's over for Bitcoin and that Trump's post was a giant trap. I think we will see a final 2 waves on Bitcoin to form an ending diagonal wedge pattern (1-2-3-4-5). Bitcoin is in wave 3.
I am also bullish because of the 50-week moving average. Historically, Bitcoin reacted to this MA very precisely. I always recommend using simple moving averages with 20, 50, 100, and 200 periods because this is what the big players are using as well. These MAs are very popular among giant institutions, banks, and investors.
I think a huge altseason should kick in anytime soon now because Ethereum is very undervalued, and BTC.D needs a break as well. ETH could be a much better choice for the final 2025 pump.
Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!