Alan Santana's analysis suggests a bullish outlook for Bitcoin, though not at the $130,000 level by early 2025 as some predictions have proposed. Instead, he's targeting significantly higher prices, ranging between $155,000 and $200,000, depending on factors like inflation and broader economic conditions. Santana highlights that Bitcoinâs long-term trajectory is upward, a trend no one disputes, but warns against expecting such high prices by late 2024. He believes that Bitcoin is still in a phase of correction and consolidation, and further declines could come before the major bull run begins.
Santana outlines two scenarios for Bitcoin's bull market:
1. Early Blow-Off Top (Less Likely): A sharp peak around mid-2025, followed by a bear market. This would happen quickly, within 5-6 months of the bull market starting.
2. Late Blow-Off Top (More Likely): A peak in late 2025, with Bitcoin following its historical pattern of rallying toward the end of the bull market year. In this scenario, Bitcoin could see months of rising prices and consolidation before hitting an all-time high between $155,000 and $208,000.
He emphasizes patience, expecting further corrections before the next major bullish wave begins, and advises watching for a potential wick below the 200-day moving average as a signal of a bottom. The key takeaway is to be patient and prepare for a long-term bullish trend that aligns with historical cycles.
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