Could BTC Flash crash to $78k before going to 100k?
I've done a deep dive on cup and handle patterns for a while now, but this one just takes the cake. The longer duration a cup and handle pattern takes to develop, the more confirmation we get. This is the Bitcoin 2-day candlestick chart that has been developing for almost 3 years. If this cup and handle pattern plays out the way we should expect due to all the factors of the political environment, we should have at least a 150k bitcoin in the next 6 months. Price has nowhere to go in this scenario. This is the fibonacci extension/forecast where price is expected to hand out around in the next 6-months. Price clings to its' levels like a magnet. It's truly an amazing sight and I have this one drawn perfectly. Price had not choice but to go upwards.
Throughout the course of history, we've had these financial cycles that begin with a bear market, a consolidation and then end with a bull market that reaches all time highs. This event is what we call a cycle in our financial system and the feds that control the interest rates make up a large factor that motivates this cycle; so many other political circumstances Basically our government is controlling periods of growth. The important thing to know is that this occurs basically every 4 years. We call it a cycle in the Crypto Currency world and in other financial markets.
The price of bitcoin has to get rejected at the 93k mark again today to have a higher probably of dropping to 78k, but that is what we should expect in volatility. We are in a clear bull market now with Bitcoin in and out of Price Discovery Mode. The top according to the history of Crypto should be late 2025, but I think we are on the verge of potentially mass adoption. How many new hundreds of thousands of dollars of all time highs when the Dow Jones has only 5x in 20 years before the masses start to pay attention? Will it be so subtle to the average non-educated person won't realize what's happening until the price of one bitcoin is over $1000?
Satoshi was a smart man and gave us this gift and halving cycles every 4 years intentionally that coincide with the elections changes and uncertainty that comes along with change that
In case you haven't noticed, Trump just appointed Elon Musk to the Department of Goverment Efficiency, (DOGE) and as a result, has caused the price to explode on the DOGE Coin. Elon Musk was able to do with $400 million from the sale of paypal, what no govment has ever been able to achieve.
I do believe that we are on the cusp of a potential breakout of mass adoption and as a federal reserve asset and I am going to predict that if that happens, a domino effect/chain reaction would occur that would put Bitcoin at potentially $3 million one day.
I'm expecting a breakout to occur today again propelling it to 100k or 108k. Don't think the 78k scenario will play out, but if it does, it'll be a great dip to buy.
Throughout the course of history, we've had these financial cycles that begin with a bear market, a consolidation and then end with a bull market that reaches all time highs. This event is what we call a cycle in our financial system and the feds that control the interest rates make up a large factor that motivates this cycle; so many other political circumstances Basically our government is controlling periods of growth. The important thing to know is that this occurs basically every 4 years. We call it a cycle in the Crypto Currency world and in other financial markets.
The price of bitcoin has to get rejected at the 93k mark again today to have a higher probably of dropping to 78k, but that is what we should expect in volatility. We are in a clear bull market now with Bitcoin in and out of Price Discovery Mode. The top according to the history of Crypto should be late 2025, but I think we are on the verge of potentially mass adoption. How many new hundreds of thousands of dollars of all time highs when the Dow Jones has only 5x in 20 years before the masses start to pay attention? Will it be so subtle to the average non-educated person won't realize what's happening until the price of one bitcoin is over $1000?
Satoshi was a smart man and gave us this gift and halving cycles every 4 years intentionally that coincide with the elections changes and uncertainty that comes along with change that
In case you haven't noticed, Trump just appointed Elon Musk to the Department of Goverment Efficiency, (DOGE) and as a result, has caused the price to explode on the DOGE Coin. Elon Musk was able to do with $400 million from the sale of paypal, what no govment has ever been able to achieve.
I do believe that we are on the cusp of a potential breakout of mass adoption and as a federal reserve asset and I am going to predict that if that happens, a domino effect/chain reaction would occur that would put Bitcoin at potentially $3 million one day.
I'm expecting a breakout to occur today again propelling it to 100k or 108k. Don't think the 78k scenario will play out, but if it does, it'll be a great dip to buy.
Twitter: @EvanJon6287480
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