Hey everyone,
Hope you’re all doing well. Just wanted to share some thoughts on where BTC is headed.
Looking at the BTC Cycle Low Multiple Chart, we’re at similar price levels as in 2021. I still believe we’ll hit around $170k by October, fingers crossed!
Also, the BTC Bull Flag on the daily chart shows we’ve been in a stable range since March. Q4 usually brings good gains, so let’s see what happens this year.
I think a lot of folks are underestimating this bull flag formation. Some are saying it’ll break soon, but they might not realize that the liquidity is dried up once it hits the bottom. Those who short at the bottom are gonna get rekt, lol.
And don’t forget about CZ getting released from prison. I’m betting on a pump a week before he’s out. Plus, if Trump says something about BTC, that could really shake things up.
Makes sense, good news usually gives BTC a little boost.
I really hope we’re on the brink of a nice upswing. Accumulating more BTC seems like the way to go right now.
Update as of Sept 24, 2024
BTC has shot up nearly $10k since my last post. Here’s a recap:
- BTC Cycle Low Multiple Chart
- BTC Bull Flag 1D Timeframe
- Bitcoin Halving Cycle Profit
I’ll keep everyone in the loop with any new info!