theeverythingbubble

#Bitcoin has been trading at its lowest level of volatility ever. Big move coming. Up or down? If it's up last time price skyrocketed by 88% to the upside this would put price at around 48K , also a major prior high which makes sense. If it makes a move to the downside I could see it finding a bottom somewhere between about $18.5k and $22.5k. With stocks looking strong, and leading into a positive Q4 2023 I'm leaning toward the moving being up. We will see! Remember... it's always when you least expect a big move up that it makes its big move up.

Here is my latest thoughts on this #Bitcoin bull cycle. Thinking top sometime in mid 2025. We will see!

Noticed something interesting in the #Bitcoin chart. We could see $80k quicker than we think.

Ultra Bullish Ethereum outlook based on past cycles and price action. Obviously a ridiculously high projection. Only way this is possible is if Ethereum becomes the backbone of the entire world financial system, which it could.Well, not saying this will happen, but so far so good as of 4/27/2023!

Ethereum is an absolute beast. The Bitcoin maxi's are going to hate this idea, but the chart speaks for itself. I think there is a real possibility that not only does Ethereum flip Bitcoin, but it absolutely decimates it in terms of market cap. One can see that Ethereum is following the pattern of Bitcoin but it is growing more rapidly. The ETHBTC chart is also displaying an Adam & Eve pattern indicating significantly higher Ethereum/Bitcoin values. Take it for what it is, and yes this would mean a market cap in the trillions. Is this even possible? I think so. There would have to be significant development and a new paradigm that would act as a catalist to move the Ethereum price this high. Is there something waiting in the works, something huge that will use the Ethereum network? Time will tell.

After studying the long term Bitcoin chart I noticed something... that during the optimism phase, or the early part of the bull run, price will ramp up finding support along a trendline. Price then, during the euphoria phase, will move up significantly higher than this trendline, but during the bear market it will eventually capitulate below this trendline before it starts to re-accumulate. However, price never goes back above this trendline, and finds it as resistance in the future. The price of Bitcoin just recently capitulated below its most recent support trendline. It should now find this as resistance in the future. This means that any projections claiming that price will make a significant move higher in the near future are most likely just not going to play out. With history as a guide, it looks like the next year or so will be pretty boring. I believe that price will chop sideways for while. We will most likely get wild swings up and down as traders stand to make a lot of money on these moves. Most likely though, price will not be making a new all time high above $69k before the next halving. Once we get past the next halving in 2024, then we will enter the next blow off top phase where price will move above the past all time high, but as it moves up it will meet the old support line, now turned resistance, and when it does that will be the sign that it is topping out. Assuming this happens sometime in the first half of 2025, depending on when it happens it looks like the next topping price could be anywhere between about $200k-$300k. Not what a lot of people are probably wanting to hear, but this is the reality of this market. Let me know what you think of this idea, thank you, and best of wishes!

I wanted to post this to give some perspective, and to give some history of my experience with Bitcoin. I have spent so much time analyzing price, the charts, watching YouTubers trying to figure out which way price is headed. I bought and sold, bough and sold, bough and sold... over and over again only to lose money to trading fees and lost opportunity. In hindsight, if I had just put about $10k into Bitcoin when it was under $1k, I would have 10 Bitcoin to this day. Through the ups, and through the downs. Back then an average Joe could purchase a whole Bitcoin , or maybe even a handful. Those days are gone. Now most people can't afford to buy an entire Bitcoin. I've heard it said that the number of people who own an entire Bitcoin will be rare, and that those who do will one day be rich. Time will tell, but look at the chart. Let it speak for itself. Will it go to $20k? Maybe. Do I care? No. BTFD. From one who has been through years of Bitcoin price volatility. ***Not Financial Advice***

I think Bitcoin is going to see its final capitulation dump to the low $20 range sometime in 2022 and then continue on a new bull run into 2025. #Bitcoin

Looks like we may get a massive blow off top rally Q4 2021. The bars pattern is from last bull market.