Technical analysis by viyalence about Symbol BTC on 4/25/2024

The current impression for BTC is still in the falling channel and we seem to have been horizontal since March. So I will wait for the falling channel breakout and then I can buy for the short term. For the medium or long term, I think that we will make a bottom in BTC, including March, and then after the bottom, it will be priced between the old 63-73 in June, and we will continue bullish where we left off, with the market expecting a FED interest rate cut in July. For the medium and long term, I think that our bottom levels will start at 52,000 with a 20% probability, 56-57,000 with a 60% probability, and will go horizontal and hold at 62-63,000 levels with a 20% probability. The reason for these percentages is that if we count 5 weekly corrections during the last bull period, 1 from ema 9, 3 from ema 20 and 1 from ema 20-50, the bull continues. Although our EMA 20 level falls between 56-57, our Fib correction is at 55 thousand, we have daily and weekly resistance, so I think it may reach 55,000 levels, but it will find support from those levels and rise, so we will continue the bullish trend with the bar at 55,000 level and closing above 56-57,000. It would be better for these levels to reach these levels between 7-10 May and/or 25-27 May, which are our channel supports from the trend, and it will strengthen the bull. Altcoins, on the other hand, will observe some more declines with these decreases, rising for BTC.D, then moving with btc, starting to strengthen against BTC.D between November 2024 and March 2025, and an Altcoin Rally can be observed starting from April 2025. Of course, some specific coins can ATH early against BTC, but in general terms, it will coincide with the end of the BTC Rally and the money will start to move from BTC to Altcoins. To give an example, until then, altcoins that will have a money inflow of 1-2 Trillion Dollars will start with the same amount of money coming from BTC. What I mean is that with the end of the TOTAL2 and TOTAL3 BTC Rally, which continues between 1-2 Trillion dollars, we can see an increase up to 4.8-5.6 Trillion dollars for TOTAL2 and 2.7-3.1 Trillion dollars for TOTAL 3. Therefore, early ATHs can be seen, as well as late ATHs. You should make your own analysis and slowly exit the market in the spring of 2025 with the profit taking points you determine. It is not investment advice. This article is a Superstition.