Where Can Bitcoin Go? Part 3📈🌐 Where Can Bitcoin Go? Part 3: Revisiting the Big Chart and Preparing for the Next Breakout 🚀💡
chart:
Hey everyone! FX Professor here, and it’s time to revisit what I call my 'Big Chart' as we continue our exploration into Bitcoin’s future price movements.
Back in March 2023, Bitcoin was trading below $25,000, and today, we’re looking at how the landscape has shifted and what we can expect moving forward.
In this post, we’re sticking purely to technical analysis—focusing on Bitcoin’s halving cycles, my 3 major key trend lines, and the overall technical structure that has proven reliable over the years.
Key Insights:
Halving Cycles & All-Time Highs:
Historically, all-time highs have followed 548 to 565 days after a halving event. Could we see similar patterns play out in 2025?
Trend Line Mastery:
My Big Chart tracks three critical trend lines that have been instrumental in identifying breakout and support zones. These levels continue to offer crucial guidance.
February 2024 Breakout:
Earlier this year, we had a major breakout in Februar y, leading to a test of the $73,000 level. After some consolidation, what comes next?
What to Watch Next:
We’ve seen Bitcoin break out above major resistance levels after finding strong support around $58,800. This support is part of an ascending trend, meaning it will rise as the price continues upward.
As we could be approaching the $100,000 zone, the question is:
Will we hit all-time highs (peaks) earlier than usual? (pattern says end of 2025).
With a strong possibility of achieving this 400 to 450 days after the halving, we could see this sooner than expected (550 days historical pattern)
Major Levels:
Support:
Currently, the key support level is at $58,800, but as the price trends upward, this level is ascending and will be rising as time goes by.
Resistance:
The next major resistance is at $105,800. A break above this could propel Bitcoin to new all-time highs. This will be the third attempt (the green 3, if you know you know!)
The journey continues! Follow along as we track Bitcoin’s path toward new highs. Drop your comments below, and let me know what you think!
One Love,
The FXPROFESSOR 💙
Part 1:
Part 2:
and always remember:
Fxprofessor
Bitcoin's Breakout Surge: Professor's Big Charts Revealed (2)🌟 Bitcoin's Breakout Surge: Professor's Big Charts Revealed 🌟
📈 Live Analysis Incoming!
Prepare for an in-depth journey through Bitcoin's latest surge as we go live on TradingView. Get ready for a session packed with insights and the unveiling of the Professor's big chart. Join us: Live Stream: www.tradingview.com
🚀 The Breakout Chart Breakdown
Witness the bullish momentum as Bitcoin smashes past the $47,650 barrier. With my analysis, we're looking at a bull run targeting $59.9K,
69K
, and the ambitious $79K. 🎯 Stay bullish and watch as the charts unfold the story live!
💹 Historic Patterns: A Roadmap to $79K
Reflect on the last breakout at $31,100 and its staggering rise to $46,000. Our charts have been the compass leading us to these profitable winds. Don't miss out as we dissect the potential climb to $79K, live!
🔍 Last Year's Chart: The Trendline Triumph
Cast your minds back to January 2023, when Bitcoin was a humble $18,000. Fast forward, and we're witnessing a breakout reminiscent of December 2020's rally from $7,500 to $24,000. Could we be on the cusp of reaching new all-time highs? Let's explore together.
⏱️ Halving Cycles: This Time It's Different
Every cycle writes its own story, and this one's no exception. We're approaching the halving with a market more aware and ready to advance. Tune in as we analyze why we might see an all-time high sooner than the previous cycles.
🌐 Join the Live Stream for the Full Picture
There's much more to cover, from halving cycles to breakout patterns. Ensure you're part of the live session for a comprehensive analysis that could redefine your trading strategy.
Catch the full live session and secure your front-row seat to Bitcoin's exciting journey: Join the Live Stream: www.tradingview.com
One Love,
The FXPROFESSOR 💙
Tokenomics Evolution: BTC vs CRGPT ( Bitcoin's Baby with AI)Hello Crypto enthusiasts, masters of charts, tokenomics and Cycles.
Today, we're dissecting the tokenomics of Bitcoin (BTC) and its innovative descendant, CRGPT, affectionately known as 'Bitcoin's Baby with AI'. This exploration delves into how CRGPT has adopted and enhanced the foundational principles of Bitcoin, propelling us towards a new era in cryptocurrency.
Bitcoin: The Pioneer 🌟
Bitcoin set the stage for cryptocurrencies with its revolutionary approach to digital money. Its deflationary model, characterized by a finite supply of 21 million coins, sought to mimic the scarcity and value retention of precious metals.
However, Bitcoin's reliance on the Proof of Work (PoW) consensus mechanism and its inherent scalability issues have led to significant challenges, including environmental concerns and limited transaction capacity.
CryptoGPT.io (CRGPT): The Evolution 🚀
In the spirit of innovation, CRGPT has emerged as a beacon of progress, building upon Bitcoin's legacy while addressing its limitations.
Here's a side-by-side comparison of their core tokenomics:
Finite Supply:
• Bitcoin: Capped at 21,000,000 tokens. 📉
• CRGPT: Also capped at 21,000,000 tokens, maintaining the deflationary principle. 🔄
Halving Schedule:
• Bitcoin: Halving occurs every 4 years, gradually reducing the reward for mining and slowing the introduction of new coins into circulation. ⏳
• CRGPT: Adopts a more aggressive halving cycle of every 2 years, accelerating the deflationary impact and potentially enhancing value growth over time. ⚡
Consensus Mechanism and Environmental Impact:
• Bitcoin: Utilizes Proof of Work (PoW), requiring substantial energy consumption for mining activities, which has raised environmental sustainability concerns. 🏭
• CRGPT: Moves away from PoW, embracing AI utility and proof of contribution. This shift significantly reduces the environmental footprint, aligning with global sustainability goals. 🌱
Scalability and Infrastructure:
• Bitcoin: Faces challenges with scalability and transaction throughput due to the limitations of its underlying technology. 📊
• CRGPT: Built on the Ethereum network, CRGPT benefits from enhanced scalability, programmability, and the robust infrastructure for decentralized applications (dApps), solving major scalability concerns. All tokens are minted and are being released gradually until 2061! 🌐
Extending the Innovation 🌟🚀
• Utility Beyond Value: CryptoGPT's AI Advantage 🧠
• Bitcoin is celebrated as a premier store of value.
• CRGPT extends utility beyond this, unlocking advanced AI tools and features, including Legacy AI and CEAI, enhancing real-world application utility.
Bridging Digital and Real Worlds: CryptoGPT's RWA Connection 🔗
• CRGPT connects digital assets with tangible value, integrating RWAs through Legacy AI and CEAI.
• Supports a deflationary model via token burns and rewards contributions to the ecosystem, enhancing both digital presence and real-world utility.
Going Ultra-Deflationary: Beyond Traditional Constraints 💥
• CRGPT amplifies the deflationary model, with every business and individual as potential collaborators for CEAI, deeply integrating into the real economy and AI innovation.
• Directly tying token burns to the utilization of AI services ensures a deflationary trajectory, closely linking the token's value to high-demand AI applications.
Looking Ahead 🌈
As we venture into this dynamic comparison, CRGPT's adaptations present a compelling case for the future of tokenomics. An evolution/revolution in Tokenomics:
By maintaining the deflationary aspect of Bitcoin and innovating with environmentally friendly practices, accelerated scarcity, and leveraging Ethereum for scalability, CRGPT signifies a significant leap forward.
The Chart:
The CRGPT chart, depicted with 4-hour candles, reflects a pattern reminiscent of Bitcoin's historical 2-day candle trajectory, highlighting the fractal nature of market movements across different time scales. 🔄📈
CRGPT's Early Growth:
Mirroring Bitcoin's initial upsurge, the CRGPT chart shows a steep climb in its nascent stages, suggesting a swift market acknowledgment akin to its precursor's early days. 🚀
Comparative Analysis:
This parallel in growth trajectories showcases the cyclical tendencies in crypto markets, where new entrants often follow the footsteps of established coins, hinting at potential future outcomes. 🔮
Speculative Forecast:
Observers might speculate that if CRGPT continues to follow this mimetic path, it could experience similar exponential growth phases as Bitcoin, adjusted for market maturity and technological advancements. 🌱➡️🌳
By examining CRGPT's current price action in the context of Bitcoin's historic patterns, traders and investors may glean insights into the cyclical nature of cryptocurrency growth and adoption. 📊💹
This journey through the tokenomics of Bitcoin and CRGPT reveals the ongoing evolution of cryptocurrencies. As 'Bitcoin's Baby with AI', CRGPT not only honors its lineage but also charts a course towards sustainable, efficient, and scalable digital finance.
Let's embrace this evolution together, exploring the vast potentials that lie in the fusion of traditional crypto principles with the advancements of AI and blockchain technology.
While Bitcoin can already aim for the Trillions, CRGPT could be able to flirt with the Billions. Especially if their AI RWA (real world assets) vision becomes a reality in an ever-evolving new digital+ AI era.
One Love,
The FXPROFESSOR 💙
Nailing Bitcoin Analysis: Amidst FUD, SEC,ETF, FEDS and More🔮🎓 Nailing Bitcoin Analysis: Amidst FUD, SEC, ETFs, FEDs, and More 🚀💡
Traders, it's FXProfessor here! We're slicing through the noise of FUD, navigating SEC updates, analyzing ETF flows, and eyeing the Fed's next move, all while my Bitcoin long ideas continue to be spot-on. 🧭📊
In the wild world of crypto, where every headline can stir the pot, staying focused on the facts has been the key to our success. 🌪️🗝️ Despite the fear, uncertainty, and doubt that often clouds the market, our analysis remains a beacon, guiding us through uncharted waters. 🛳️🌊
Let's dive into the ETF developments that are making waves. 🌐📈 The recent data paints a picture of resilience, with overall positive inflows since their launch. The ledger of financial flow tells a tale of alternating currents, with some days in the green and others in the red. 💸🔄
Grayscale's outflows have been dominating the scene, yet there's a silver lining as these outflows have been on a steady decline. 📉🔜 In the ETF arena, Fidelity and Blackrock are the champions, outperforming with impressive inflows. 🏅💼
Despite the skeptics raising eyebrows at the $1 billion inflow over a fortnight, let's not forget this is an unprecedented victory lap for the ETF sector. 🏁🏆 As we know, in the world of crypto, what's seen as a sprint may very well be part of a marathon. 🏃♂️🔄
With a hawkish eye, we'll continue to monitor these numbers, knowing they hold the power to sway Bitcoin's supply-demand scale. 🦅🧮 More inflows translate to a tighter supply on the spot, potentially propelling prices upward. 📊↗️
Stay tuned as we chart this journey with precision and prowess, armed with the FXProfessor's insights. 📚🎩
🏁🚦📈 1-2-3-GO!!!🧐♟️
Keep in mind we had 1 rejection at 48,5k...expecting another one before the breakout.🌟💥
One Love,
The FXPROFESSOR 💙📉
ETFs Flow:
Bitcoin's Next Huge Move: Must watch! 🐉🎆 Bitcoin's Monumental Path in the Year of the Wood Dragon 🚀💹
🎊 Celebrating New Beginnings
Hi everyone! As we delve into Bitcoin's current trajectory, let's not forget to extend a warm Happy New Year to our friends in Asia celebrating the year of the wood dragon. This occasion isn't just about cultural festivities; it's a beacon for significant shifts in the crypto landscape. Drawing inspiration from the wood dragon's favor towards the rooster, we're navigating through the intertwined dynamics of political landscapes and market directions.
📈 A Look Back at Prophecy Fulfilled
Reflecting on the prophecy I shared back in January 2023, during times rife with fear, uncertainty, and doubt (FUD), we highlighted a pivotal breakout pattern for Bitcoin. This "one, two, three" sequence has proven its mettle, reinforcing the forward-looking essence of the market.
Amidst skepticism surrounding Bitcoin's valuation, our analysis foresaw the normalization of CPI and an amelioration in inflation rates, painting a bullish scenario for Bitcoin. The journey since has been nothing short of remarkable, affirming the resilience and prescience of our forecasts.
🌐 Navigating the Current Landscape
In the recent unfolding of events, Bitcoin encountered a notable setback following ETF approval, set against a backdrop of geopolitical strife and regulatory tumult. The Bitcoin community's response to actions from figures like Biden and the SEC paints a complex picture of the challenges and influences at play.
🔍 Technical Analysis: Anticipating the Next Big Move
Our technical dive reveals an impending third test of a critical resistance level, as denoted by the "one, two, three" pattern. Despite a straightforward approach to charting, the precision and effectiveness of our predictions stand strong, with Bitcoin facing the anticipated rejections and gearing up for a pivotal next phase.
📊 Forward-Looking Projections
Looking forward, the possibility of Bitcoin revisiting lower support levels cannot be overlooked, emphasizing the need for strategic positioning and readiness. This analysis not only underscores the importance of historical resistance and support levels but also charts a forward-looking projection for Bitcoin's valuation, harboring an optimistic stance for 2024.
🚀 Conclusion: Embracing the Volatile Journey Ahead
As we embark on the volatile yet promising journey through the year of the dragon, the melding of astrology, political dynamics, and market movements presents an enthralling narrative for Bitcoin's path forward. Amidst prevailing uncertainties, our dedication to delivering insightful analysis and strategic foresight remains steadfast, ready to embrace the next chapter in Bitcoin's evolution.
One Love,
The FXPROFESSOR 💙
NFP Strategy Unveiled: Join me Live on Tradingview📊🔍 NFP Strategy Unveiled: Smart Trades with FX Professor! 💡🔄
Dive into the heart of the forex market with me, your FX Professor, as we anticipate today's Non-Farm Payroll (NFP) and average hourly earnings release. Here's my simple, yet strategic approach to trading EUR/USD amidst this pivotal economic data release.
Decoding the NFP:
A robust NFP with lower average hourly earnings could signal the perfect storm for rate cuts by the Feds. This scenario might just be the golden ticket for a bullish EUR/USD run, as it aligns with a potentially dovish shift in U.S. monetary policy.
EUR/USD Outlook:
With EUR/USD hovering at 1.088, I've got my eyes set on a support channel around 1.07465. Should the pair dip in response to the NFP, I'm ready to bolster my long positions, embracing the lower prices as a springboard for potential gains.
Trading Plan:
I plan to split my strategy – going long with two positions, and hedging with a short. Specifically, I'm thinking two lots long, then another two, making it four lots long against two lots short. If the market dips, the short position will offset some losses, and I'll seize the opportunity to increase my longs, capturing profits as I buy the dip.
Live Trading Session:
Join me in an hour for a thrilling live trading session. We'll be riding the waves of volatility together, with real-time analysis and strategic maneuvers designed to turn market movements into opportunities.
📈🎢 Be there as we navigate the twists and turns of today's NFP release – with the FX Professor at the helm, it's sure to be an educational and potentially profitable journey!
Link: www.tradingview.com (Join me Live!!)
One Love,
The FXPROFESSOR 💙
ps. i gave it some thought, to maybe select another pair (NZD or AUD for example) since EUR is suffering from more persistent inflation, being more vulnerable to Ukraine and Red sea problems and with the farmers complaining (we love them and we stand with them) but eventually EURUSD is going to be for me for 2 reasons:
- i don't see rate cuts anytime soon
- the price at 1.08 is still a bargain
🧭💡 Dollar Dynamics: Sideways Awaits Feds/ I wait for the NFP !Hey traders, the FX Professor here, addressing the buzz: Why the silence on the dollar? Let's dive into the dollar index's sideways dance, a chart that speaks volumes! Our journey has been stellar, riding the long wave from the year 2020, then nailing the short with the iconic 'I scream, you scream, and Joe Biden short' in October 2022.
Currently, we're in a holding pattern, eyes fixed on the Federal Reserve. Will they begin to ease? My take: quite likely, with elections on the horizon. Yet, they need compelling data to pivot, and that's where our focus shifts to Forex pairs, gold, and silver.
It all kickstarts with the NFP this Friday. While some eyes are on the Fed's Wednesday address, I suspect they'll play it close to the vest, holding off on major reveals. Friday's NFP could be the catalyst for change if it delivers the data the Fed needs to start slashing interest rates.
With inflation talk taking a backseat, the spotlight turns to jobs and GDP. It's time to tune into the dollar index, prime our Forex accounts, because we're on the cusp of an exciting year teeming with volatility.
The stage is set, and the anticipation is high. Join me this Friday on TradingView for live trading action as we embrace the volatility head-on. Let the games begin!
One Love,
The FXPROFESSOR 💙
Get ready for a volatile year and join the live trading action on TradingView:
🎢📈 NFP Trading Extravaganza: Ride the Volatility Wave with FX Professor! 🚀
Prepare for an exhilarating adventure into the heart of the financial markets! NFP day is my playground, and I absolutely revel in the twists and turns of volatility it brings.
Link: www.tradingview.com
🏝️🗺️ Sandbox Surge: Building Castles in the Crypto Sky 🚀 🏖️Sandbox has been playing in the sand for a while, staying quiet, but it's looking ready to sculpt a bullish masterpiece. 🎨 After a long, flat stretch where it seemed to be collecting seashells, we finally saw that breakout we've been beachcombing for. 🌊
The chart's telling tales of tides turning, with a breakout above 0.3783 hinting at bullish currents strong enough to carve new landscapes in the market. 🗺️ As for the next checkpoint in our sandbox adventure? I'm eyeing a sunny spot at 0.5932, where the sea meets the shore. ☀️
Just like building a sandcastle, this trade needs a blueprint. Keep your shovels ready and watch the tide—because if it swells, we could be riding the wave all the way to new heights. 🌅 And who knows? Maybe it's time for Sandbox to show the crypto world that playtime can be profitable. 🏖️
Remember, even in the sandbox, keep a playful eye on the bigger beach—that's where the real sandcastles are built. 🏰 Let's build our portfolios with the same joy a child brings to their sandy forts!
🏖️🚀🌊🎨🗺️☀️🏰News:
Let's delve into some recent headlines that are shaping its landscape:
🌐 This Metaverse Altcoin Announced Its New Fund - Sandbox is fueling innovation with fresh funding. Time to watch these digital grains of sand turn into gold? link: en.bitcoinsistemi.com
🛠️ The Metaverse's Future Shaped by Creators - Creativity is currency in the metaverse, and Sandbox is minting a new era where imagination is wealth. Link: www.cryptopolitan.com
🏍️ Valentino Rossi Races into the Metaverse: The Sandbox's Latest Power Move - The legend of the tracks brings his legacy into the sands of the metaverse, promising an exhilarating blend of speed and pixels. Link: en.cryptonomist.ch
💳 Mastercard Meets Metaverse: Spend NYSE:SAND with a Swipe! 💥
Big news in the dunes, folks! Mastercard's now letting you spend your NYSE:SAND tokens like you're shopping in the real world. 🌍💳 No more hoarding your digital treasure; it's time to swipe and let your NYSE:SAND flow. Link: www.coindesk.com
In the Sandbox, every grain could be a part of the next digital masterpiece. Let's keep our creative spirits high and our portfolios ready for the next wave of innovation. 🖌️🌅
Playful strategies and vigilant eyes - that's how we'll sculpt our success in the Sandbox. To prosperity and beyond! 🚀
🚀🎨🏰☀️🌊🌐🛠️🏍️🖌️🌅
One Love,
The FXPROFESSOR 💙
EURUSD - Our New TargetsUSD served as well since December 2020 but the transition period back to normality is in progress.
It was a GREAT feeling having the chance to receive dollars and it was the same amount in Euros but nothing lasts for ever...
After all a strong Euro (at least a not beaten up one) is also 'good'.
My chart says EURUSD has now breached over 10.03827 which on my exercise was a key resistance and now is a key support.
Time to increase EURUSD Long positions.
My 3 targets are 1.093 - 1.143 and eventually 1.212
Take a look at my dollar and Gold charts as well:
One Love,
The FXPROFESSOR
EURTRY - Ready for the Next One? 😺Allow us the Happy face and the good mood because simply, this was a PERFECT ANALYSIS and EXECUTION!
We are referring to this idea of ours back in May 9th (yes, we do trade what we post):
x20 in a classic Forex trade is something to be happy for and today we will take some profit.
It's not the first time we get EURTRY right, feel free to check our previous posts below.
FXPROFESSOR STYLE indeed..Who is ready for the next one? 😺
One Love,
the FXProfessor
BITCOIN- Major Breakout Complete... Despite all DespitesWill new ATHs happen this year? Likely
Despite the rate hikes? Likely
Despite the vast majority still not understanding what Bitcoin is? Likely
Despite the million Altcoins? Likely
Despite the War in Ukraine? Likely
Despite the Chinese crackdown? Likely
Despite my uncle still thinking it's 'tulips'? Likely
Despite Indices being a dangerous bubble? Likely
Despite the Bears yelling that they will buy at 20k? Likely
Despite Bitcoin's 'unstable value, unviable medium of exchange' ? Likely
Despite Lagarde and Yellen fighting it? Likely
Despite sanctions and control? Likely
Despite it's already 'expensive' at 40k$? Likely
There is probably another 500 more 'Despites' so how about you all share with me in the comments your own 'despite'?
Let's do this; cause you Likely like it
One Love,
the FXPROFESSOR