#Bitcoin
down 7-8% overnight.
Altcoins have followed in this correction and markets are taking a breather.
I think we’re likely close to the pre-halving peak.
The corrections remain here as opportunities, through which altcoins are likely to follow
#Bitcoin
to an ATH.
If this inclining persists (for example to 330 or 345 days this time)...
The Bull Market peak in this cycle could be pushed into February 2025 or even March 2025
#Crypto
#Bitcoin
When retail arrives to the market for the first time, it is a sign that the bull run has started. It is bullish.
Once retail is FULLY invested ... that is the top. Once everyone is in, thats the peak. We have about 1 year roughly.
#Bitcoin
🔥📈 $Alts
#BTC
Historically, Bitcoin has performed a Bull Market Top 266-315 days after breaking old All Time Highs
That said, there is also an inclining tendency in the amount of days it takes for $BTC to peak in its Bull Market after breaking old ATHs (266->280->315)
#BTC
In 3 days, Bitcoin will officially enter the "Danger Zone" (orange) where historical Pre-Halving Retraces have begun
Historically, Bitcoin has performed Pre-Halving Retraces 14-28 days before the Halving
In 2020, this retrace was -20% deep.
Quick bounce and
#Bitcoin
continue the upward momentum, fueled by the Asian trading hours.
Likely we'll be testing $73,000 today.
Reminder: Corrections do happen, last week we had a 15% liquidity flush as well.
#BTC
As much as
#Bitcoin
's current cycle may be accelerating by ~260 days...
The amount of days
#Bitcoin
spends beyond old All Time Highs is actually lengthening
$BTC
#Crypto
#Bitcoin
#BTC
In the 2015-2017 cycle, Bitcoin peaked 518 days after the Halving
In the 2019-2021 cycle, Bitcoin peaked 546 days after the Halving
If history repeats and the next Bull Market peak occurs 518-546 days after the Halving...
#BTC
Rate of acceleration in this Bitcoin cycle was 260 days back in mid-March
That rate of acceleration has since dropped to ~150 days
Bitcoin is getting closer to resynchronising with historical Halving cycles
This will make for a longer Bull Run
$BTC
#Crypto
On this recent rally,
#BTC
has a chance to reclaim $60600 as support to confirm last week’s extensive downside as a fake-breakdown
Crucial days ahead
$BTC
#Crypto
#Bitcoin
The only time
#BTC
ever experienced downside in the month of October?
2014 and 2018
Those were Bear Market years
Whereas we are currently in a Halving year
The only time $BTC ever produced single-digit upside?
It's incredible how fast the adoption is accelerating.
The Spot
#Bitcoin
ETFs have proven that Bitcoin isn't going away and is a legitimate asset, with a significant use case of 'Hard Money'.
I think that the inflow will only increase over the coming years.
#Bitcoin
#BTC
In 1 day, Bitcoin will officially enter the "Danger Zone" (orange) where historical Pre-Halving Retraces have begun
Historically, Bitcoin has performed Pre-Halving Retraces 14-28 days before the Halving
#BTC
When Could Bitcoin Peak In This Bull Market?
Bitcoin tends to perform a Bull Market Top 266-315 days after it breaks its old All-Time High
Bitcoin broke its old-time highs last week
The next Bull Market Peak may thus occur in 266-315 days.
#Bitcoin
dominance continues the rally.
To date, the pre-halving rally is still rock solid.
The question is, are we going to peak pre-halving? If so, it would be the signal for
#Altcoins
to flourish.
What do we want to see?
We'd like to see them bounce in their BTC pairs.
#Ethereum
ETFs are expected to start trading by the end of June.
FYI, the US
#Bitcoin
ETFs took Bitcoin from $46K to $73K in just 64 days.
Imagine what would happen to $ETH when billions of $$$ will be flowing into ETH ETFs.
Are you prepared?
#Bitcoin
closes the weekly below $69.4k
BTC now in a range between $65k (April 2021 High) and $69.4k (November 2021 High)
We now await for it to choose a direction
If it choose consolidation, then we expect continuation as we have for the past year+
#BTC
Bitcoin has rallied into the 21-week EMA (green), widely considered as a Bull Market moving average
It represents the price of ~$60550
$BTC would need to reclaim this EMA as support to try to break the series of Lower Highs dating to mid-July (dotted blue)
#Bitcoin
#BTC
Bitcoin has been in a downtrend since ~$71500
This sort of downtrending price action is not out of the ordinary by standards of history in the Post-Halving period
Bitcoin failed to Daily Close above $58350 (black)
Instead, price actually Daily Closed below this level, prompting a rejection
Bitcoin needs to now hold $56750 (purple) if it wants to establish a range here
$BTC
#Crypto
#Bitcoin
🚨 Small $GBTC dump today - just $3M! 💸 Could this be setting the stage for a bounce-back week after last week's dismal performance? 👀 Stay tuned, crypto fam!
#Bitcoin
#Crypto
So the longer Bitcoin consolidates after the Halving, the better it will be for resynchronising this current cycle with the traditional Halving cycle
#bitcoin
You
#trade
against the smartest people this world has ever seen. They use the most powerful AI tool the world has ever seen: Aladdin
If you believe that your indicators A or B are key for your trading you will be absolutely humiliated in this game
It’s all about psychology.
THIS IS GONNA BE A BIG WEEK FOR
#CRYPTO
INDUSTRY.
IF
#ETH
ETF GETS APPROVED AND
STARTS TRADING THIS WEEK IT WILL REALLY KICKSTART THE BIGGEST
#ALTSEASON
IN CRYPTO HISTORY.
SO KEEP PRAYING FOR OUR BAGS !!
#BTC
In the 2015-2017 cycle, Bitcoin peaked 518 days after the Halving
In the 2019-2021 cycle, Bitcoin peaked 546 days after the Halving
If history repeats and the next Bull Market peak occurs 518-546 days after the Halving...
The timeline is back to doom and gloom
Anyone who is changing up their whole outlook of this year based on a 10%
#Bitcoin
pullback is doing this based on emotions
But please do sell into Wall Street's much stronger hands, the same way you "sold the news" to them at $40k
JUST IN: 🇺🇸 Donald Trump says "to further secure America's future and create opportunity for young people, I will end Joe Biden's war on crypto."
"We will ensure that the future of crypto and the future of
#Bitcoin
will be made in America, otherwise other countries.
Looks like the Hodl wave descent has begun.
Will be watching for greater confirmation but this was the expected behaviour at ATH's and higher.
#Bitcoin
#BTC
History doesn't always repeat in a copy-paste manner
But if it does in this cycle...
Then Bitcoin should be breaking out from its ReAccumulation Range in the next handful of days, this week
$BTC
#Crypto
#Bitcoin
In 2016, the PreHalving Retrace was -40% deep and began 28 days before the Halving
This retrace lasted 8 weeks in total before Bitcoin broke out into a parabolic uptrend
Currently, $BTC is approximately 29 days away from the Halving and has pulled back -11% last week
#BTC
#BTC
The June downtrend line continues to weigh down on price
Worth watching for a potential break in the future for a local reversal
$BTC
#Crypto
#Bitcoin
#BTC
You just need to survive September
Because if history repeats, Bitcoin may be heading for three straight months of positive upside Monthly returns
$BTC
#Crypto
#Bitcoin
#BTC
Bitcoin has since completely filled the first Daily CME Gap (blue)
And now it is very, very close to filling the second one (orange)
$BTC
#Crypto
#Bitcoin
#Bitcoin
is on the cusp of performing its first Weekly Candle Close below the Re-Accumulation Range Low for the first time in the over four months that this range has existed
Bitcoin has been moving sideways in this range since late February 2024
$BTC
#Crypto
#Bitcoin
So the longer Bitcoin consolidates after the Halving, the better it will be for resynchronising this current cycle with the traditional Halving cycle
$BTC
#Bitcoin
#BitcoinHalving
#BITCOIN
IS READY FOR A HUGE BULL RUN 🔥🔥🔥
Whenever the MACD applied to US Money Supply (M2SL) coupled with Chinese 10-year Treasury Bonds makes a bullish crossover, then a BTC Bull Run begins.
No exceptions.
Now a bullish cross is imminent.
That would mean Bitcoin could peak in this cycle in mid-September or mid-October 2025
Currently, Bitcoin is accelerating in this cycle by approximately ~100 days
The next 6-8 months is the time when generational wealth will be made.
If you want to get rich, this is probably your best chance.
Are you paying attention?
That would mean Bitcoin could peak in this cycle in mid-September or mid-October 2025
Currently, Bitcoin is accelerating in this cycle by approximately 84 days, significantly lower than the initial 260 days set in mid-March 2024
#BTC
Still positioning itself well for a Daily Close above the Channel Bottom (black)
Over the past several months, most (if not all) Daily Closes above the Channel Bottom preceded upside into at least the lows $60,000s
$BTC
#Crypto
#Bitcoin
In 2020, this retrace was -20% deep and began 14 days before the Halving
This retrace lasted only a few days but preceded an over 150-day Re-Accumulation period before Bitcoin broke out into its parabolic uptrend.
#BTC
Bitcoin tends to form Re-Accumulation Ranges after the Halving
But we've also seen Bitcoin form a similar-looking range in this cycle already as well (blue circle)
$BTC
#Crypto
#Bitcoin
That's very late November 2024 or very late January 2025
However, as Accelerated as this cycle may be...
It appears that the amount of days that Bitcoin spends beyond old Time Highs is lengthening
In 2013, Bitcoin rallied for 268 days before topping out.
In 2017, this figure rose to 280 days (an increase by 14 days)
In 2021, this figure rose to 315 days (an increase by 35 days compared to 2017)
Historically, the number of days that Bitcoin has spent beyond old All Time Highs has increased by approximately 14 days to 35 days.
#BTC
Bitcoin broke its two-week downtrend today
However, we have seen upside wicks beyond this downtrend before
Which is why a Daily Close later today is needed to confirm this breakout
$BTC
#Crypto
#Bitcoin