🅱️ Bitcoin Monthly (The Path To A New All-Time High In 2025)

Good morning and good week my fellow Cryptocurrency trader, I am hoping you are having a wonderful time.

The month is about to reach its end.
Bitcoin is about to close red for the first time in eight months, since August 2023.

This is a major development and a very clear, very strong, unavoidable and revealing signal.

This signal can clear all doubts;
This signal can, finally, make things easy...

Now, everybody can see.

Notice on the left side of the chart, coming up to mid-2021; Bitcoin rises month after month after month, all green. As soon as it turns red it is already the end. The first red candle signals the end of the rise.
The first red candle activates three months of red.

Then again in November 2021... After some growth, just one red candle leads to three months red.

Bitcoin has done the best it has ever done in its monthly history, talking and looking about the chart. Bitcoin is the best right now because it closed green for seven straight months.

It is now confirmed that Bitcoin is no longer moving ahead on the monthly timeframe and this tells us that the much expected correction is now 100% confirmed but...

Those that failed to sell by now must be those that decided they want to hold through the correction... That's ok!

Some people are trading and thus buy and sell, look for entries and exist timing the market and tracking everything it does. Some other people are more relaxed, love Bitcoin, and focus only on buy and hold.

All those that trade already sold.

If you are trading and haven't sold now, keep in mind that you are about to enter a phase of long-term hold. Holding is fine, but just know that the market has the ability to move down, just as it moved up.

We love Cryptocurrency... We will get the bottom of the correction, literally, and ride the entire bullish wave all the way to a new All-Time High in 2025.

Will you join us for the ride?

Namaste.

Comment:

The monthly session is now closed.
April is over and Bitcoin closed red.

The month of April deleted all the gains from March 2024.

➖ What can we expect now?
➖ How far down can it go, minimum and maximum?

Here is the chart for reference, then we proceed to answer the questions.

1) We can expect lower.

➖ April closing red is only the start.
➖ After a strong bullish phase, comes a bearish phase.
➖ Bitcoin grew from November 2022 through March 2024.
➖ Bitcoin closed green seven months straight.

👉 One month red is not a correction but signals the end of the bullish phase; the start of the bearish wave.


2) It can go as low as EMA100 around $23,510, based on the moving averages and the monthly timeframe.

The minimum Bitcoin would drop would be around $50,000. This is the bare minimum but we are likely to see much lower.

The session prior to the price peak, All-Time High, tends to be deleted once a correction develops. We are talking about February.

February's low sit at $41,000.
This is telling us that Bitcoin can easily move below this level.

Next we have EMA50, a must.
Just as resistance levels are challenged on the way up; support levels are tested on the way down.

Before Bitcoin moves to test a new All-Time High, it needs to revisit those levels initially left behind. EMA50 sits around $33,333... In the coming months, that's a level to keep in mind.

Namaste.

Comment:

This monthly candle pretty much reveals everything;

There is plenty of time and room for Bitcoin to produce a bounce, leading toward 66K, 68K, 70K or even 72K... Only to reverse back down before the month closes.

Now, this is speculation.

👉 The chart is bearish based on last months close and will remain bearish as long as BTCUSD trades below 69/70K. If it moves above this level, it is considered bullish.

Namaste.