Bitcoin TA-Bottom/Next Bull 2023 to 2027 - Final Thoughts
Hello everyone, not a financial advice though,
This chart analysis is the continuation of the below Bitcoin and DXY Analysis:
After Detailed Analysis/Examination in all aspects and making different chart Analysis like Elliott Wave Theory/DXY/Volume/Indicators/Oscillators/Patterns I came to the conclusion with the current Bitcoin targets as somewhat realistic in my mind.
In past When the macro trend of DXY is over and DXY is Bottomed - S&P500 is making Double Top and Two Lower Lows.
So, Bitcoin is a new class of asset there is no previous macro trend of Bitcoin, since Bitcoin is looking Bearish in Yearly Candles wise,
so, I feel Bitcoin may make two major Lower Highs and Two major Lower Lows
My Targets:
by Dec-2025 - In and around - 55600+. (I took according to 4 year cycle of Bitcoin)
by Mar-2027 - In and around - 11800. (I considered 1 Year Bear cycle of Bitcoin)
currently Jan2023 am thinking DXY is in topping process with sideways consolidation (whenever DXY consolidates and creating Bearish Divergence in RSI than Bitcoin is in Accumulation/Recovery phase).
This is not yet confirmed but comparing to past history, something similar now.
Like, share and comment is you have any questions.
Thank you,
Bitcoin Yearly Analysis:
This chart analysis is the continuation of the below Bitcoin and DXY Analysis:
After Detailed Analysis/Examination in all aspects and making different chart Analysis like Elliott Wave Theory/DXY/Volume/Indicators/Oscillators/Patterns I came to the conclusion with the current Bitcoin targets as somewhat realistic in my mind.
In past When the macro trend of DXY is over and DXY is Bottomed - S&P500 is making Double Top and Two Lower Lows.
So, Bitcoin is a new class of asset there is no previous macro trend of Bitcoin, since Bitcoin is looking Bearish in Yearly Candles wise,
so, I feel Bitcoin may make two major Lower Highs and Two major Lower Lows
My Targets:
by Dec-2025 - In and around - 55600+. (I took according to 4 year cycle of Bitcoin)
by Mar-2027 - In and around - 11800. (I considered 1 Year Bear cycle of Bitcoin)
currently Jan2023 am thinking DXY is in topping process with sideways consolidation (whenever DXY consolidates and creating Bearish Divergence in RSI than Bitcoin is in Accumulation/Recovery phase).
This is not yet confirmed but comparing to past history, something similar now.
Like, share and comment is you have any questions.
Thank you,
Bitcoin Yearly Analysis:
Comment:
Bitcoin OnBalanceVolume Analysis:
Comment:
Based on psychological and Technical aspects,
Bitcoin Yearly wise:
->2023 - test 30k zone-to bring hope-yearly candle close will be Green-closes above 15470.
->2024/2025 Bull - slow recovery to 46k and test 55600+ zone - In extreme cases it can also make DoubleTop to reach 69k n make massive Bearish Divergence compare to previous bull .
->2026 Bear - i expect it should stop at 11800 or in worst cases 9k to 6k can be final.
Bitcoin Yearly wise:
->2023 - test 30k zone-to bring hope-yearly candle close will be Green-closes above 15470.
->2024/2025 Bull - slow recovery to 46k and test 55600+ zone - In extreme cases it can also make DoubleTop to reach 69k n make massive Bearish Divergence compare to previous bull .
->2026 Bear - i expect it should stop at 11800 or in worst cases 9k to 6k can be final.
