BTC likely to drop one last time before halving starts
Hey folks!
It's time for another Bitcoin update.
We're likely at a local top now, at least if you compare the timing to the acculmulation time after the Halving Run 1 and Halving Run 2 crashes. Around this time, there were also local tops from HR1 and HR2 accumulation times.
As a bonus, Volume is also showing signs of starting to cool down.
A drop to 25-35K is likely if you compare it to the 20% and 50% drop of post HR1(purple) and HR2(blue) crashes in the local scope. With local scope I mean price action related to all 3 post HR price range-normalized crashes.
I personally believe a drop to 30-35K is more likely than a drop to 25K as this was the result of the corona crash in February 2020 which should have been a little bit more severe than without the outbreak of the pandemic.
I expect us to go with a price around of 35K into the halving run which should reach 80-170K by the end of 2025. With me expecting near zero interest rates in 2025 this could go much much further, but one cannot forsee the future.
Good luck and stay safe :)
It's time for another Bitcoin update.
We're likely at a local top now, at least if you compare the timing to the acculmulation time after the Halving Run 1 and Halving Run 2 crashes. Around this time, there were also local tops from HR1 and HR2 accumulation times.
As a bonus, Volume is also showing signs of starting to cool down.
A drop to 25-35K is likely if you compare it to the 20% and 50% drop of post HR1(purple) and HR2(blue) crashes in the local scope. With local scope I mean price action related to all 3 post HR price range-normalized crashes.
I personally believe a drop to 30-35K is more likely than a drop to 25K as this was the result of the corona crash in February 2020 which should have been a little bit more severe than without the outbreak of the pandemic.
I expect us to go with a price around of 35K into the halving run which should reach 80-170K by the end of 2025. With me expecting near zero interest rates in 2025 this could go much much further, but one cannot forsee the future.
Good luck and stay safe :)
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