BTC touched 0.786 fib extension, next stop would be 80K after breakout[/I]
I set the limit date to 29 of September 2025 as it was the numbers of days of the whole last bull run 2019 to 2021, so don't take it as a fixed date. It could also do the same as this year and top in April 2025 ![/I]
Purple trendines are supports from the past bull run, that can act as resistances now, there are 2 different lines because I'm not sure if I have to consider Mars 2020 Covid mini-crash or not.
Here is the plan :
I set 3 targets depending on the momentum we have
In my opinion, without critical failure we will reach at least the red circle.
I will consider we go to the higher station if we break the price target before April or between July & September.
Note that at the last bull run, BTC topped at 69k, 3.272 fib extensions
- red path : between 120 000 & 144 000, 1.618 & 2 fib extensions
Sadly, to me it's most likely we end there, there's too many resistances here in the same area, but its also means we fly to the orange circle very easily if we break those.
But to me staying at the bottom of the channel I drew would be kinda strange so IMO I would say we can go to orange circle
- orange path : between 225 000 & 250 000, 3.272 & 3.618 fib
we touch 120k in April, its also the middle of the parallel channel, then we hit the top of the channel at least 3.272 fib. As I already stated it, it was the top from the last bull run
- green path : Between 315 000 & 340 000, 4.618 fib
at the other purple trend line level
very unlikely, I think for this to happens we need to finish this year at 120k our first target
I will make another post end of year and will remove either the red or the green path depending on the price of the BTC
Vertifcal lines and blue arrows : Vertical lines at the beginning of the first 2 waves, BTC went up 245 days 2 times since end 2022,
I'm confident enough to cash out a bit in April, 245 days after the last low that occurred the 5 of august, and to try to catch it lower, as during this period BTC will go often -20-30%
Bonus : you also get my price target for when it's time to buy back, end summer 2026 we can wait BTC to go back a bit lower than the top of the last bull run, the orange horizontal line at 55555,55
Not a financial advice
Cheers and good luck