Coming out the back of a week bull and weak bear we're entering a period of consolidation leading up to the next halving in 2024. From there we will get our typical 12 month frenzy culminating in a 2017-style blow-off top close to the $1m a bitcoin mark.
Fractal taken from 2015 suggesting no new ATH until Q1 2024.
Fractal taken from 2015 suggesting no new ATH until Q1 2024.
Comment:
Q1 ATH hit as predicted, but price is starting to front-run the fractal a bit so we're potentially looking at an earlier blow-off top. A compressed version puts that at something like August-October 2024.
ETF approval now almost guaranteed for first couple of weeks of 2024 suggests ATH within the next couple of months is possible.
After that....we will see.