Technical analysis by RetiredNovice about Symbol BTC: Buy recommendation (1/3/2025)
RetiredNovice

History hasn't failed yet, so the four-year cycle is still intact until it isn't. I have stretched this chart out for the next couple of years so that you can get a good idea of where the potential bottom will be during the next bear market. I plan to accumulate as much as possible the closer it gets to 66k. If we do reach a 150-250k top this cycle then I will expect a bear market bottom between 66-76k. Watch my levels and use them as a guideline. Historically Bitcoin has NEVER returned to the price its low during the US election week: 2012 Election Week Low - $102016 Election Week Low - $7002020 Election Week Low - $13,2002024 Election Week Low - $66,800that brings us to now... if this doesn't indicate the current market sentiment then I don't know what will. There's a reason why many genius economists are speculating a 1 million dollar bitcoin in the next 8 years.