The INDEX:BTCUSD ATH can act as a strong key level, being strong resistance when price is under it and strong support when price is above it. Regardless of what the current market factors are at play now, we know one thing for sure, Bitcoin's break of ATH has without fail been a strong indicator of a bull market every single time since it's inception.
Now this...
Imagine a world, where The Crypto Weather Channel had its own bank. That bank stored a large amount of its capital reserves in Bitcoin at the start of the Bull Market. This is what that would look like.
#Long
Take Profit: $66,442 (5th Halving Price)
Entry: $26,976 (CAT 1 Price)
Stop Loss: $15,473 (Market Cycle Low)
Good Evening Traders, Investors & Gamblers 😃
The Idea is pretty simple, it took Bitcoin roughly 1000 days on average to get to a new All Time High after the previous one. That would take us to Summer (July/August) 2024 and roughly in line with the next Bitcoin halving!
I would like to add that this is only for educational purpose and in no way a guarantee...
1) NEXT ALL TIME HIGH
IS ALMOST 50% OF THIS HIGH
IF CALCULATED EVERY HH IS 45% HIGHER THEN LAST HH
2) YOU GYS CAN SEE ITS ALMOST 45%-+ OF LAST HH
3) AND THATS MY TARGET FOR THIS TIME ATH
THATS ALMOST 45%-+ OF LAST HH
4) IF WE CAN SEE ITS TAKE ALMOST 24 BARS FOR ATH AFTER CORRECTION
5) THERE WE CAN SEE ITS TAKE ALMOST 34-35 BARS FOR ATH AFTER...
From the weekly chart if the candle closes above 2017 ATH then we can definitely expect a BTC to moon but the question is will bitcoin stay above the all time high or whales gonna manipulate the market crash BTC once again.
I'm sceptical about BTC crashing since we waited almost 3 years for BTC to hit new ATH, it think BTC is going to stay above ATH and hit new...
