DrJeff on nostr

Open in Damus

@DrJeff 1734637066

Delayed effects of remarkable dollar strength (and its effects on global M2) since the beginning of 4Q 2024 finally setting in to #bitcoin?

Range guesses (and order) still in play:
1. 105k-120k (already achieved?)
2. 75k-85k (probable low watermark for late 2024 or early 2025)
3. Zig zag higher, with mid-summer 2025 challenges
4. Ultimately, 200k-1M (target: #475k) still in play for 4Q 2025 or even 1Q 2026, until (when/if) the facts change

Just my guesses, obviously.

1010❤️61🤙21❤️7⚡2👍2🫂2

Humble Bitcoiner · 66w

Great, happy to have some more months the opportunity to stack below $100,000

Artur…qywr · 66w

Just when I thought I could finally own chairs again. Oh well, better keep stacking!

Little TA: first fibo target (38%) after the 71k break was 106k-ish, which was hit. It’s only natural to see some profit taking now. Support numbers: 99k, 93k, 89k, 85k and 71k. If we break the 106k-108k range the next fibo target (50%) is 125k-ish.

Kekel Nakamoto · 65w

You expect this bull run to be the longest of all? The longest we have seen BTC climb is 550ish days since the halving in 2021. 550 days would make BTC top in Octobre 2025. Why is it more likely to bet for the top in Q4 rather than Q3?

RomanHodl · 56w

number 2 is the easy prediction. number 3 is 50/50. number 4 is bold and also wont happen.

SatsAndFlapjacks · 56w

Nice Jeff. While not financial advice….you can say this isn’t a “guess”. You’ve put many hours I presume into this and after all, it is your Profession and Passion. Cheers, keep up the inspiring work