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BrettFogle
Feb 12, 2024 10:55 PM

Revised Bitcoin Path to $155k - $210k and $100k By the Halving Long

Bitcoin / United States DollarCoinbase

Description

Here's my Revised Bitcoin Path to 155k - 210k and 100k By the Halving study.

Note: If you're using a Fib based on a Log scale these levels will change, but the 155k level is still the likely target based on a 1.618 vs a 3.618 projection.

In this video I've outlined the 10 factors including the ETF money flows already coming in.

Each of these factors could help ignite the other 9, and contributing to a near term mega rally.

The chart bars pattern in Blue is a copy of the previous cycle where this happened, so we we know this is possible.

A near term pullback from 50k is likely however, and healthy.

I anticipate this would be the best / safest entry point and best scenario for a much larger push higher as noted above.

I've also outlined 5 potentially negative factors which could slow growth, but are less likely.

Would love to hear your comments below!
Comments
unbeldi
Well done.
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