Technical analysis by IlLancelotHere about Symbol BTC on 4/3/2024

Happy Ramadan to everyone. The positive atmosphere in Bitcoin continues, but of course they will want to shake it off when everyone is so positive. Friends, there is a slightly boring but logical chart for long-term investors. We are entering the region of tremendous positivity in the monthly chart in MACD and tremendous positivity in RSI. First of all, if we look at the global markets, friends, interest rate increases have stopped in all other countries of the world except our country, and bitcoin Although it is the highest interest rate in US history (5.25-5.5), it broke the record of 72 thousand despite the global recession. We also add that the Fed will start interest rate cuts before the November elections. If you think about it, it's not hard to see the bull. As you know, friends, every main bull cycle in BTC occurs in the form of two peaks. The 2013, 2017, 2021 cycles are an example of this. It is a completely bear season with a new record in the two-month 40-45 percent decline between the two peaks. According to the previous cycles, btc halving before has completed its rise and the halving expectation It was purchased, but it is still in the sales phase. There will be no new record in the market until the middle of next June. On the contrary, they need to compensate for the halving price, and with a little firm shaking, the new bull fuel will be ready. We are extremely positive in the monthly chart in Macd. We are positive in the Rsida, and we are positive in the monthly and weekly charts in other additional indicators. After Hakbing, they will decrease the market by an average of two months and raise the market until February-March, between 90-110 k, followed by a two-month mini bear and then the peak around August-September. My total peak prediction is between 126-130k because the green line in the previous bull trend has never been broken and if it breaks it can do even crazier things (a very strong bitcoin movement will be waiting for us, ETF has been approved, followed by Ethereum etfsi is waiting for May 20, fed interest rate There is a high probability that the discounts will start in August, there are main factors that will make BTC fly) But assume that the Bear bell rings from the moment it touches the green (the highest altcoin rallies will be in this phase.) As you approach the top, they will give you new targets, such as bitcoin 250 k bitcoin 1 M. Let's see, time. What will it show? I will make monthly updates on this chart. Be careful of the long red wicks, they will try to steal your goods, do not sell the goods you have, always buy the fear, you will see the value for yourself next year. KEEP CALM AND HODL! ***Does not include investment advice. ***There will be monthly updates.