[BTC] Bitcoin Final Prediction: $250,000+ (Part 3)
I previously predicted $150,000+ for my Final prediction. After doing a deeper dive, analyzing previous cycles and the chart patterns... I now see this going $250,000+ and possibly even much higher. I still have the same analysis and feelings about this... I just believe that I was a bit too conservative before. And honestly, I still might be a bit too conservative.
Here was my previous Final Prediction. Same reasoning, just higher price prediction possibility.
This was my original analysis:
Bitcoin Final Prediction.... $150,000+ ???
( I wanted to go a little more in depth with my analysis behind this prediction than I did in my initial post... )
Since the summer, I've been tracking Bitcoin and publishing my charts on Tradingview. I've been doing pretty well tracking and forecasting it's movements.
www.tradingview.com/u/TraderFrom...
This current situation was a bit tricky for me over the past week because BTC has not really moved much and there was a lot of FUD. I’ve been back and forth on my thoughts on it as well, but now I am very confident with where I stand.
I believe big whales dumped Bitcoin in May so that they could accumulate as much BTC as possible at a cheaper price. The accumulation phase was this summer and it's over now. Whales are HODLing tight and refusing to sell. I think that this is because they know that there's TONS of other whales out there just waiting to scoop up any and all BTC , as soon as they dump again. So to me, it wouldn’t make sense for them to dump at the top, accumulate at the bottom, only to dump again… but this time for a smaller gain.
Just like you wouldn’t sell an autographed Michael Jordan rookie card at the lowest offer… you’d hold that car and wait until you got the highest offer possible before you sold it.
The only question is WHEN? BTC may or may not take off soon. In fact, it could drag out for weeks or more. However, it will take off inevitably from what I am seeing. I don't see it breaking below the $40,000 level, similarly to how it didn’t break below the $29,000 level this summer. Probably not the worst idea to grab more of your favorite alts at a cheap price before takeoff.
From here, I think BTC is going to create a new ATH , then there will likely be a correction. Then it goes parabolic. When that happens, I'm seeing $150,000+ as a possible. Could go even higher. But this is just my take.
After looking at the charts, previous cycles and considering all the fundamentals of what's currently happening, Bitcoin demand and Bitcoin adoption being at an ALL time high, whales dumping to accumulate and now HODLing… it all looks up from here
Here was my previous Final Prediction. Same reasoning, just higher price prediction possibility.
This was my original analysis:
Bitcoin Final Prediction.... $150,000+ ???
( I wanted to go a little more in depth with my analysis behind this prediction than I did in my initial post... )
Since the summer, I've been tracking Bitcoin and publishing my charts on Tradingview. I've been doing pretty well tracking and forecasting it's movements.
www.tradingview.com/u/TraderFrom...
This current situation was a bit tricky for me over the past week because BTC has not really moved much and there was a lot of FUD. I’ve been back and forth on my thoughts on it as well, but now I am very confident with where I stand.
I believe big whales dumped Bitcoin in May so that they could accumulate as much BTC as possible at a cheaper price. The accumulation phase was this summer and it's over now. Whales are HODLing tight and refusing to sell. I think that this is because they know that there's TONS of other whales out there just waiting to scoop up any and all BTC , as soon as they dump again. So to me, it wouldn’t make sense for them to dump at the top, accumulate at the bottom, only to dump again… but this time for a smaller gain.
Just like you wouldn’t sell an autographed Michael Jordan rookie card at the lowest offer… you’d hold that car and wait until you got the highest offer possible before you sold it.
The only question is WHEN? BTC may or may not take off soon. In fact, it could drag out for weeks or more. However, it will take off inevitably from what I am seeing. I don't see it breaking below the $40,000 level, similarly to how it didn’t break below the $29,000 level this summer. Probably not the worst idea to grab more of your favorite alts at a cheap price before takeoff.
From here, I think BTC is going to create a new ATH , then there will likely be a correction. Then it goes parabolic. When that happens, I'm seeing $150,000+ as a possible. Could go even higher. But this is just my take.
After looking at the charts, previous cycles and considering all the fundamentals of what's currently happening, Bitcoin demand and Bitcoin adoption being at an ALL time high, whales dumping to accumulate and now HODLing… it all looks up from here