Assumptions: BTC moving into a consolidation phase with the next halving approaching late March 2024 (Est.) The expectation is that BTC will revisit the upper regression band $50k around the time of halving. This potentially correlates to the timing of the greater US recession.
Marco: Soft to Moderate landing recession
- Fed funds terminal rate 5% with a hold...
History has shown us that Bitcoin makes two major moves on the 50wk/SMA. The Bull and the Bear. I am presenting the Bull case for a resumption off the 50wk/SMA into Wave 2 of the Bull Run.
Searching for the lost ATH
Trading view is asking me to provide more detail to my analysis. Of which I have none to provide. I am therefore require to write random words that flow to my mind in order to publish.
I do believe in the lengthen cycle and diminishing returns. All timeframes are lengthened by a factor of around 3 from 2016. Not sure if this plays out but I think the chart looks pretty cool.
Only a million different ways this could go. I am showing a V shape correction back into bull mode and a accumulation scheme with a eventual recovery into bull. Either way, I see $100k by Fall. Or not.
I am showing a few different directions:
Pink - Tracking a V-Shape recovery (Low likelihood considering the market environment)
Yellow Waves - Tracking a accumulation cycle (High likelihood)
Yellow Arrows pointing to important prices and dates
Blue shaded area represents a past channel of support that would signal a potential move back to growth. We would need to...
