Significant Fib levels marked in red. Area of interest at Fib 0.5, 0.618 and 1.618. Best estimate of where I think the next peak will be. At least $100k BTC looks about right. Peak may come either on March 2025 or October 2025 Also best to add in the Pi Cycle indicator(350D SMA and 111D SMA).
Approximately $24,000 acts as a significant support level in the event of a black swan market crash.
Keep it simple. Area of interest at Fib 0.5 and 0.618, in confluence with 111D SM, 200W SMA and 1W RSI 50
Fib resistance and take profit levels. Best estimate of where I think the next peak will be. October 2025. At least $100k BTC looks about right.
2024 outlook. When in doubt, zoom out. BTC won't end the year with a price below $46,252 Strong support levels plotted on the Fib 0.5 0.618 and 0.786
My short answer is NO! I am skeptical that Bitcoin will reach astronomical heights in 2023. It may reach its high at roughly $48,500, with a $2,500 range in each way. I'm leaning towards the prediction that it will end 2023 with an estimate of around $30,000, with a deviation of $2,500 in either direction.
Building on my previous insights from Will Bitcoin Reach $100,000 in 2023? My current prediction is that Bitcoin will close 2023 at around $30,000, subject to a deviation of $2,500 in either direction. This outlook isn't arbitrary; it's grounded in a careful analysis of market trends and a thorough review of historical data. What’s particularly telling is this...
BTC resistance ahead on the chart with trend line, death cross, and 200 MA in play. Buckle up!
Using previous historical data to show where the bottom price of bitcoin might be in the future.