BTC: 314000 to 613000 Price Range Argument by End of 2025
Hi Everyone! I decided to have a look at my Macro Ascending Diagonal Trend Line Chart to gain some perspective for what price target range we could be looking at for Bitcoins Buying Climax the end of 2025. I believe you will find this interesting.
Comment:
UPDATE:
Also, $124,450 could be our Diagonal Floor of Support at the end of our next Bear Cycle:
Also, $124,450 could be our Diagonal Floor of Support at the end of our next Bear Cycle:
Comment:
UPDATE:
CORRECTION: The title should have $342,000 to $613,000. NOT $314,000 to $613,000.
CORRECTION: The title should have $342,000 to $613,000. NOT $314,000 to $613,000.
Comment:
UPDATE:
I created a new pitchfork with coordinates setup for the "highest close for highest high" and "lowest close for the lowest low" in the Weekly time frame. Then adjusted the "pitch" of the fork accordingly to what you see in the chart below.
ORANGE TEXT BUBBLE:
Historically, this Orange Line has been our floor of diagonal support.
If this Orange Line holds support again in the next Distribution Phase,
we could be looking at $118,000 as our new low at the end of the next
bear cycle.
WHITE TEXT BUBBLE:
One could make an argument the price action
we usually go up to the Green Diagonal Line at a minimum by for our Buying Climax.
One could also argue the price action ascends up to the White Diagonal Line at a minimum
by the time we reach our Buying Climax.
This puts us at a price range of $316,796 to $795,345 for our Buying Climax by end of 2025.
I created a new pitchfork with coordinates setup for the "highest close for highest high" and "lowest close for the lowest low" in the Weekly time frame. Then adjusted the "pitch" of the fork accordingly to what you see in the chart below.
ORANGE TEXT BUBBLE:
Historically, this Orange Line has been our floor of diagonal support.
If this Orange Line holds support again in the next Distribution Phase,
we could be looking at $118,000 as our new low at the end of the next
bear cycle.
WHITE TEXT BUBBLE:
One could make an argument the price action
we usually go up to the Green Diagonal Line at a minimum by for our Buying Climax.
One could also argue the price action ascends up to the White Diagonal Line at a minimum
by the time we reach our Buying Climax.
This puts us at a price range of $316,796 to $795,345 for our Buying Climax by end of 2025.
Comment:
UPDATE:
While I tend to agree with the theory of "diminishing returns;" we should also consider the fact Bitcoin has a limited supply with "diminishing" availability. Could it be < in regard to the angle of the pitchfork > that a "curved" channel should not be applied to implicate diminishing returns; but instead; keep the pitch "straight" instead of "curved" due to "diminishing" availability offsetting "diminishing" returns? We will find out by end of 2025.
Stay Awesome!
David
While I tend to agree with the theory of "diminishing returns;" we should also consider the fact Bitcoin has a limited supply with "diminishing" availability. Could it be < in regard to the angle of the pitchfork > that a "curved" channel should not be applied to implicate diminishing returns; but instead; keep the pitch "straight" instead of "curved" due to "diminishing" availability offsetting "diminishing" returns? We will find out by end of 2025.
Stay Awesome!
David
Comment:
UPDATE:
If you are wondering what I mean by a "curved channel," this is what I was referring to in my previous post:
If you are wondering what I mean by a "curved channel," this is what I was referring to in my previous post:
Comment:
UPDATE:
I added one more text bubble:
BLUE TEXT BUBBLE:
Yes, there is such a thing as a theory on "diminishing returns." However, Bitcoin is "limited" in its supply with
ever "diminishing" AVAILABLE supply.
We must also consider an ever increasing DEMAND for an ever decreasing available SUPPLY. This too could
offset the need of applying a curved channel; implicating the theory on diminishing returns.
The White "curved" wedge placed on the chart mimics the theory on diminishing returns. Note how the upper
boundary of the curved wedge could potentially come to within proximity of $316,796 by November, 2025.
CONCLUSION: We probably will not know if we should apply a curved channel or maintain a straight ascending
channel until the year 2030 or 2034.
I added one more text bubble:
BLUE TEXT BUBBLE:
Yes, there is such a thing as a theory on "diminishing returns." However, Bitcoin is "limited" in its supply with
ever "diminishing" AVAILABLE supply.
We must also consider an ever increasing DEMAND for an ever decreasing available SUPPLY. This too could
offset the need of applying a curved channel; implicating the theory on diminishing returns.
The White "curved" wedge placed on the chart mimics the theory on diminishing returns. Note how the upper
boundary of the curved wedge could potentially come to within proximity of $316,796 by November, 2025.
CONCLUSION: We probably will not know if we should apply a curved channel or maintain a straight ascending
channel until the year 2030 or 2034.
Comment:
UPDATE:
In 2020/2021 bull cycle, many were placing the upper boundary of their pitchfork at the previous 2017 all time high; including myself. This resulted in providing a new ATH (All Time High) for 2021 that was too high. I placed a blue circle on the 2017 ATH and a new pitchfork to show how many of us got the new all time high wrong for 2021.
NOW, I want you to note something of extreme importance. Many of us failed to realize the "new" LOWS are more important than the "new" highs in order to establish a diagonal floor of support basis or "mean." You can tell by the new pitchfork (above) with upper boundary placed on the 2017 high; that this ruins any chance of establishing a diagonal floor of support mean (basis).
Now that we have more history with a 2021 new All Time High (ATH) and a new low for a new distribution period; we have a higher probability of establishing a more correct diagonal floor of support mean. Hence, the new diagonal pitchfork provided in this publication. In particular; my new 1-Week pitchfork chart:
In 2020/2021 bull cycle, many were placing the upper boundary of their pitchfork at the previous 2017 all time high; including myself. This resulted in providing a new ATH (All Time High) for 2021 that was too high. I placed a blue circle on the 2017 ATH and a new pitchfork to show how many of us got the new all time high wrong for 2021.
NOW, I want you to note something of extreme importance. Many of us failed to realize the "new" LOWS are more important than the "new" highs in order to establish a diagonal floor of support basis or "mean." You can tell by the new pitchfork (above) with upper boundary placed on the 2017 high; that this ruins any chance of establishing a diagonal floor of support mean (basis).
Now that we have more history with a 2021 new All Time High (ATH) and a new low for a new distribution period; we have a higher probability of establishing a more correct diagonal floor of support mean. Hence, the new diagonal pitchfork provided in this publication. In particular; my new 1-Week pitchfork chart:
Here is a better view of the chart publication: