Update on the Path to $100K and $150K Bitcoin
Here's an updated 'Path to 100k - 150k Bitcoin' study.
We've already seen the power of the ETF money flowing into these markets, which seems unstoppable with Blackrock and Fidelity now with over 16B in AUM.
We're also now seeing heavy corporate accumulation by the likes of MSTR which just upsized it's convertible debt offering to 700M from 600M to buy more Bitcoin.
But as I've been speculating lately that other corporate accumulation has already begun, and would soon be 'revealed' at quarterly earnings reports and 10K filings...
A wallet address associated with Tesla has started showing new accumulation of BTC.
According to news sources: "Data from Arkham Intelligence reveals Tesla's apparent accumulation of Bitcoin, with holdings now at 11,509 BTC, up from 9,720 BTC. This surge, amounting to 1,789 BTC (approximately $120.4 million), suggests a renewed interest in the cryptocurrency."
And they're likely not the only ones.
It's a game of musical chairs, and not everyone will have a seat when the music stops.
How high will this push Bitcion and the rest of the crypto markets?
As you can see from this study analyzing the past cycle's fibonacci projectsions which correctly called the market cycle top exactly, and also by overlaying the last cycle's price action pattern, stretched out slightly to account for the pre-halving tempo of this market...
We can clearly see 100k Bitcoin as the likely next point of resistance, and after potentially re-testing the current 70k new high, bitcoin could easily push higher to 155K this year.
Similarly, the chart suggests that at a full 3.618 Fibonacci extention like the last cycle, puts Bitcoin at a 210K high this cycle, likely in 2025.
What ar your thoughts?
We've already seen the power of the ETF money flowing into these markets, which seems unstoppable with Blackrock and Fidelity now with over 16B in AUM.
We're also now seeing heavy corporate accumulation by the likes of MSTR which just upsized it's convertible debt offering to 700M from 600M to buy more Bitcoin.
But as I've been speculating lately that other corporate accumulation has already begun, and would soon be 'revealed' at quarterly earnings reports and 10K filings...
A wallet address associated with Tesla has started showing new accumulation of BTC.
According to news sources: "Data from Arkham Intelligence reveals Tesla's apparent accumulation of Bitcoin, with holdings now at 11,509 BTC, up from 9,720 BTC. This surge, amounting to 1,789 BTC (approximately $120.4 million), suggests a renewed interest in the cryptocurrency."
And they're likely not the only ones.
It's a game of musical chairs, and not everyone will have a seat when the music stops.
How high will this push Bitcion and the rest of the crypto markets?
As you can see from this study analyzing the past cycle's fibonacci projectsions which correctly called the market cycle top exactly, and also by overlaying the last cycle's price action pattern, stretched out slightly to account for the pre-halving tempo of this market...
We can clearly see 100k Bitcoin as the likely next point of resistance, and after potentially re-testing the current 70k new high, bitcoin could easily push higher to 155K this year.
Similarly, the chart suggests that at a full 3.618 Fibonacci extention like the last cycle, puts Bitcoin at a 210K high this cycle, likely in 2025.
What ar your thoughts?
25-year investor & trader, bought 1st BTC at $20
More information:
Moonstream Crypto: moonstream.io
M3 Active Trader: Moonstream.io/M3
Trading Signals: CryptoMastery.org/pro
Work With Me 1:1
moonstream.io/work-with-me
More information:
Moonstream Crypto: moonstream.io
M3 Active Trader: Moonstream.io/M3
Trading Signals: CryptoMastery.org/pro
Work With Me 1:1
moonstream.io/work-with-me
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