Warning, the Bear Season has just begun. My analysis has shown that the Covid Dip delayed the Bull run of 2020 (December 2020) into the Early 2021 phase. It is now my belief that the 65K Top was the top for this bull run and we are entering Bear Season for 2 years. This will give institutions (New large companies) a chance to re enter at low prices of the Bear Season and gear up for a 2024-2025 Bull run to Bitcoin being over 100,000 usd (I estimate it can reach up to 150K-190K in 2024-2025.
This chart is meant to warn investors to be careful.
My analysis is based off Fundamentals in this Market as follows:
1. COVID delayed Crypto Bull run 2020 into 2021 (March-April)
2. Lots of Meme coins and Shitcoins made people Millionaires. This is Euphoric stages of Crypto
3. Elon Musk and others are involved during this Bull run, and Elon has somewhat became irrelevant as 2021 progresses.
4. Without Elon, the 65K Hype bubble wouldn't have happened. This is where investors are getting confused which top was the true Bitcoin Top (It was 42K) but Elon super hyped the market.
5. Its already nearly JUNE 2021, and Bitcoin is still correcting and the Monthly chart including the Market Cap there is no way end of year it will reach 5 Trillion. It simple can't be done in 6 months. (A number needed to reach the goal of 150,000 usd Bitcoin)
6. Google Trends for "Bitcoin" show that at the peak of 2017, Bitcoin search index was 100 (Highest index) and in 2021 when Bitcoin Rallied to 65K it was only 70 index. This means that not only less people are searching Bitcoin, but the market has cooled down considerably where we will not make another parabolic move like in 2017. We will slowly move up the ladder and by 2024-2025 we will see the 100,000 usd Bitcoin as I believe the price will double to triple the 65K ATH as it did with 2017 to 2021 ATH
In Conclusion, Smart money has exited at the top (Elon said he sold "SOME" Bitcoin) at the top which I am assuming he sold half of his Bitcoin to cover the investment. Right now, we are in the Hope Stage, but as Bitcoin struggles to reach over $40,000 and having hit a low of $30,000 - I am calling for Bitcoin to go under $20,000 June-July 2021. June 1-7 2021 to me appears to be extremely low prices before a short relief bump rally (Fakeout) making people think it will go much higher. (This is where you sell that small rally before you hold the bag for three years)
BEAR SEASON 2021 has BEGUN. Your thoughts are appreciated, and please LIKE this page to help spread the word.
This chart is meant to warn investors to be careful.
My analysis is based off Fundamentals in this Market as follows:
1. COVID delayed Crypto Bull run 2020 into 2021 (March-April)
2. Lots of Meme coins and Shitcoins made people Millionaires. This is Euphoric stages of Crypto
3. Elon Musk and others are involved during this Bull run, and Elon has somewhat became irrelevant as 2021 progresses.
4. Without Elon, the 65K Hype bubble wouldn't have happened. This is where investors are getting confused which top was the true Bitcoin Top (It was 42K) but Elon super hyped the market.
5. Its already nearly JUNE 2021, and Bitcoin is still correcting and the Monthly chart including the Market Cap there is no way end of year it will reach 5 Trillion. It simple can't be done in 6 months. (A number needed to reach the goal of 150,000 usd Bitcoin)
6. Google Trends for "Bitcoin" show that at the peak of 2017, Bitcoin search index was 100 (Highest index) and in 2021 when Bitcoin Rallied to 65K it was only 70 index. This means that not only less people are searching Bitcoin, but the market has cooled down considerably where we will not make another parabolic move like in 2017. We will slowly move up the ladder and by 2024-2025 we will see the 100,000 usd Bitcoin as I believe the price will double to triple the 65K ATH as it did with 2017 to 2021 ATH
In Conclusion, Smart money has exited at the top (Elon said he sold "SOME" Bitcoin) at the top which I am assuming he sold half of his Bitcoin to cover the investment. Right now, we are in the Hope Stage, but as Bitcoin struggles to reach over $40,000 and having hit a low of $30,000 - I am calling for Bitcoin to go under $20,000 June-July 2021. June 1-7 2021 to me appears to be extremely low prices before a short relief bump rally (Fakeout) making people think it will go much higher. (This is where you sell that small rally before you hold the bag for three years)
BEAR SEASON 2021 has BEGUN. Your thoughts are appreciated, and please LIKE this page to help spread the word.
Comment:
Welp, thats just not dropping!
Comment:
FAKE BULL SEASON IT IS
Comment:
Guys, I was not being serious in this chart. THE FAKE Bull season was actually the real path I knew BTC was going to take. I was just having fun. Please don't take it serious. I have actually however made my TA more serious. You will see better from me as the months go on like now. Please check my newest charts from date of this entry.,