Something happened recently... It was a breeze... It knocked the door open, and it felt so good... But it wasn't the breeze, it is in the air; the atmosphere, the aura; it is a feeling!
Good night my fellow Cryptocurrency trader, what a wonderful day!
It is my love, my pleasure and joy to write for you now, always, yesterday and forever again. It is good to be in this moment now and be healthy, breathing and living with you, here now.
Notice the Fibonacci levels on the chart. Bitcoin found resistance exactly at the 1.236 Fib. extension, this is in relation to the last bull-market. This is very interesting because it reveals several things.
First, should we recap? Should we go through what just happened?
Ok! All resistance has been obliterated. We are now in bullish territory. We are now in the bullish zone.
We are in this moment now, so let's focus on today.
Present day, trading volume is finally rising, a volume breakout and several times above the weekly average. We are good on this front. With resistance now in the past, we no longer consider a potential rejection, we focus on the next target, the next resistance; how far up can it go?
After the $81,500 target immediately we have $89,444 next. This is followed by the much awaited, the much expected $100,000, in this case, 102K. This is the golden ratio and a major resistance level, consider a stop at this point. If Bitcoin is going to rest at some time, anytime while rising, this one should be considered by all the bulls involved.
Now, the main target for the current wave is the 2.618 extension and this one sits at $155,599. At the current rate, this target would be hit between now and May. May 2025.
With a blow-off top, no double-top, makes for an interesting bull-market in this cycle; but the old map has been broken, so anything goes.
What happened to Google, Apple, Amazing, Microsoft and the rest? Is Bitcoin entering such a phase where it grows long-term? Hard to say, but easy is to say that the current market conditions point toward maximum growth, supported by maximum interest and maximum strength.
So six months for the next high. The correction that follows would be the next bear-market, and it would never go below 64 or 48K, then starts a new wave and we keep on growing. The Altcoins are going to boom 100X.
Another scenario is a long stop after hitting 102K, consolidation above support leading to a major high late in 2025...
Thank you for reading.
Make sure to boost to show your support.
We are in team bulls now. Being a bear is such a pain... But I had to do it, one day you'll understand.
Namaste.
