Delayed effects of remarkable dollar strength (and its effects on global M2) since the beginning of 4Q 2024 finally setting in to #bitcoin?
Range guesses (and order) still in play:
1. 105k-120k (already achieved?)
2. 75k-85k (probable low watermark for late 2024 or early 2025)
3. Zig zag higher, with mid-summer 2025 challenges
4. Ultimately, 200k-1M (target: #475k) still in play for 4Q 2025 or even 1Q 2026, until (when/if) the facts change
Just my guesses, obviously.
Great, happy to have some more months the opportunity to stack below $100,000
Just when I thought I could finally own chairs again. Oh well, better keep stacking!
Little TA: first fibo target (38%) after the 71k break was 106k-ish, which was hit. It’s only natural to see some profit taking now. Support numbers: 99k, 93k, 89k, 85k and 71k. If we break the 106k-108k range the next fibo target (50%) is 125k-ish.
I aint scared
You expect this bull run to be the longest of all? The longest we have seen BTC climb is 550ish days since the halving in 2021. 550 days would make BTC top in Octobre 2025. Why is it more likely to bet for the top in Q4 rather than Q3?
We have been expecting this little pullback, no? đź‘€
#bitcoin #DXY #macro
UPDATE: Prognosticating the future is a fool's errand... but here we are.
Don't lose the plot. đź‘€
Big things happening--and major #macro pivots afoot--in the coming days/weeks, I suspect. 🍿
UPDATE:
Admittedly, I was beginning to think #bitcoin might not achieve step 2, but here we are. đź‘€
We are on the cusp of step 3, imho.
Obviously just my guesses... I don't know the future any better than the next guy or gal.
Onwards. ⚡
number 2 is the easy prediction. number 3 is 50/50. number 4 is bold and also wont happen.
Nice Jeff. While not financial advice….you can say this isn’t a “guess”. You’ve put many hours I presume into this and after all, it is your Profession and Passion. Cheers, keep up the inspiring work
