Technical analysis by RILOBUYLOW about Symbol BTC: Buy recommendation (9/6/2024)

We have 47 days until the new BTC ATH.Watch for pressure driving the price down as there is a high potential to retest the $50-52k range within the next 9-10 days. Avoid capitulation if possible. Historically, the parabolic phase of this cycle will start within the next 4-5 weeks.----------Key Notes:- Holiday Prediction Levels -Halloween | 2024 | 82KThanksgiving | 2024 | 105kChristmas | 2024 | 142kNew Years Day | 2025 | 185k - 500 D ATH Prediction Levels -Bear | 110kBase | 200kBull | 314k- 280 D ATH Prediction Level -Realist | 148k----------Prediction indicators based on historical data from the 3rd Post-Halving cycle. Institutional, Micro, Macro and Seasonal economic pressures from either direction could blow this off course. I am hopeful the pending September 2024 Fed Rate cut will move the new ATH up by 10-15 days and result in a higher retest low before going parabolic. ----------Indicator used is LuxAlgo's historical price prediction indicator, Date is 9/5/20 used on a daily chart with a growth factor of (1). The BLUE trend line is traced over the 2020/2021 parabolic phase of the 3rd bull cycle.