Technical analysis by danil_air about Symbol BTC: Buy recommendation (12/8/2024)
https://sahmeto.com/message/3044626

danil_air
Rank: 5372
Analytical Power:
1.6

The Bitcoin chart shows the following patterns:1. Halving, approximately every 1400 days. 2. 427 days from cycle high to cycle low. 3. From halving to cycle high - 518 days. 4. Each cycle low hits the previous peak.5. After the correction, the price works out the Fibonacci levels of 2.618 and 3.618.Based on these patterns, we can make the following conclusions:1. The high of the current cycle should be in September 2025 at $150-200k. 2. The low should be in November 2026 at 65k. 3. If the next halving occurs in March 2028, the cycle high will be in August 2029 at $400-500k.
Translated from: English
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Signal Type: Buy
Time Frame:
1 monthProfit Target:
$200,000Price at Publish Time:
$99,601.83