Which one happens first? 30k vs 40k. Here's my idea.
The time is coming and the flag of consolidation will be broken. IMO we will see atleast 40k before the dip but if BTC fails to break out of this channel we will likely see a downtrend to 35k first before a re-test, followed by a further dip to 33k or so fib levels and support if anything. We just have to break 38k to rocket to 40 then possibly 42k zone for the bullish scenario.
I made a TA roughly 400 days ago and decided 40k will happen before a major sell off pre-halvening and it's been playing out almost perfectly. IMO if the ETFs go through we should easily hit 40k or higher before a major sell-off pre-halvening. If no sell-off occurs, we will see a super-cycle in a sense, however unlikely. Bitcoin, believe it or not is following it's 4 year annual pattern quite perfectly with small differences in price action.
The daily RSI is in the middle-ground right now so it's kind of a neutral buying decision for me and I will watch the markets closely nearing December.
Will we have a bearish Winter and a very bullish Summer of 2024? I think so personally unless two things happen:
- ETF skyrockets price in Jan.
- WW3 / Major negative crypto news.
IMO if all goes well, buy in Q1, enjoy in Q2 and Q3 with small sell-offs, and sell Q4 or Q1 2025 depending on the cycle.
I made a TA roughly 400 days ago and decided 40k will happen before a major sell off pre-halvening and it's been playing out almost perfectly. IMO if the ETFs go through we should easily hit 40k or higher before a major sell-off pre-halvening. If no sell-off occurs, we will see a super-cycle in a sense, however unlikely. Bitcoin, believe it or not is following it's 4 year annual pattern quite perfectly with small differences in price action.
The daily RSI is in the middle-ground right now so it's kind of a neutral buying decision for me and I will watch the markets closely nearing December.
Will we have a bearish Winter and a very bullish Summer of 2024? I think so personally unless two things happen:
- ETF skyrockets price in Jan.
- WW3 / Major negative crypto news.
IMO if all goes well, buy in Q1, enjoy in Q2 and Q3 with small sell-offs, and sell Q4 or Q1 2025 depending on the cycle.
Comment:
As expected, 40k is probably going to be touched first. I don't expect us to hit 50k now unless those ETFs sky rocket the price. In that case we will have a very interesting bull run.