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Bitcoin - Debt Ceiling Trap - Bull Trap - Liquidity Drain Please exercise caution and remain vigilant regarding a potential trap that is being set up in the market. It is important to note that we have not yet completed the wave 5 count. At best, we might be witnessing a new wave 4 high, estimated to be around 27,500. In the next few hours, we can expect a flood of FOMO buyers, resulting in a small pump when the market opens on Tuesday. However, the real challenge lies ahead in the midweek. Once the pending deal is finalized, there will be a massive capitulation. This is due to a significant liquidity drain on the market as people move their funds into treasuries. Consequently, Bitcoin and Ethereum will likely be affected as well. Therefore, it is crucial to exercise caution and avoid FOMO buying into any pumps. Our target of 25,300 is still expected to be reached before the market settles. Please be aware and consider the implications of these factors as we move forward.

Bitcoin Price Prediction Using 2019 Data [Important Must Read] Using 2019 data, I compared it to our current chart and noticed many strikingly similar patterns. I will be using the 2019 data to explain what I anticipate will happen in 2023. There are several resemblances in patterns that have already unfolded, and I will do my best to explain what I believe might occur. First things first, let's examine 2019. The market came off the lows and experienced three significant upward waves, which closely mirrors our recent movement from a low of 15k all the way up to 30k. In 2019, we also witnessed the formation of a symmetrical triangle at the peak of the third wave, which is precisely what is unfolding today. As evident from the 2019 data, the triangle eventually broke and resulted in a sharp decline towards the starting point of wave 3. If we apply today's prices, this would translate to a drop to approximately 20k. Consequently, the highly anticipated mark of 25.3k that many people are waiting for will be invalidated if you plan to purchase at that level. Following the decline, there might be a brief price increase, possibly reaching the 23-24k range, only to be followed by another drop, potentially dipping below 20k within a few days. At this point, many will assume that this is the ultimate bottom and will enter the market, leading to a long wick upwards. However, this upward momentum will be short-lived, and the price will decline for a few weeks, establishing new lows around 17-18k. Subsequently, for the remainder of the year, we can expect a modest rally, possibly concluding around the 30k mark. The beginning of 2024 is projected to be challenging, with a drop to the all-time low of 15k occurring just before the halving commences. On the day of the halving, a significant sell-off is expected, followed by a subsequent rally that will propel the price beyond 30k. I hope you find this analysis insightful. Thank you!

bitcoin wave 2 completed. as you can see from the move up from 25800. we had a 5 wave up pattern. following the five wave structure we have an abc pattern which have been played out just today. we formed a c wave today which is lower than the a wave. completing the wave 2 on the larger scale. price target is between 28k to 28.4k for wave 3.

TD Sequential - Bitcoin T6 Currently (3 more days of pain) Based on the TD Sequential data provided, the current count is at T6, indicating a potential trend continuation. However, our analysis suggests that a reversal is likely to occur around T9, which is approximately three days from now. This reversal could potentially lead to a drop in Bitcoin's price to around 25k or possibly lower. It is important to note that using additional indicators such as RSI and MACD can provide further confirmation of the potential reversal signal. Monitoring these indicators alongside TD Sequential can enhance the accuracy of the analysis and assist in making well-informed trading decisions.