#Bitcoin price forecast update:
Below are the two paths for #BTC that I see as the most likely.
Path 1: The typical 4-year cycle. This path would send Bitcoin to around $135k in the next weeks/months and would be followed by about 200 days of sideway consolidation. A final leg up to around $150k in around May 2026 would mark the top for this bull cycle.
Path 2: The extended supercycle. This path would send Bitcoin upward to around $220k by the mid-year next year. This move would be follow by close to 400-500 days of sideway consolidation. A final leg up to around $250k in 2028 would mark the top for this bull cycle.
The key area to watch for is the resistance line (white line) drawn from the tops of the current cycle. Reaction at this inflection point is likely to determine which path Bitcoin will take. If Bitcoin fails to break above on the next leg up, then path 2 will be favored. If it convincingly breaks above then, the supercycle scenario will be at play. As always many alternative scenarios are possible including a deeper retracement or more consolidation in the current range before the next leg up. Those can take place and still keep the character of these two paths possible.
#Trading #Tradestr
@note1647uy...
Below are the two paths for #BTC that I see as the most likely.
Path 1: The typical 4-year cycle. This path would send Bitcoin to around $135k in the next weeks/months and would be followed by about 200 days of sideway consolidation. A final leg up to around $150k in around May 2026 would mark the top for this bull cycle.
Path 2: The extended supercycle. This path would send Bitcoin upward to around $220k by the mid-year next year. This move would be follow by close to 400-500 days of sideway consolidation. A final leg up to around $250k in 2028 would mark the top for this bull cycle.
The key area to watch for is the resistance line (white line) drawn from the tops of the current cycle. Reaction at this inflection point is likely to determine which path Bitcoin will take. If Bitcoin fails to break above on the next leg up, then path 2 will be favored. If it convincingly breaks above then, the supercycle scenario will be at play. As always many alternative scenarios are possible including a deeper retracement or more consolidation in the current range before the next leg up. Those can take place and still keep the character of these two paths possible.
#Trading #Tradestr
@note1647uy...