#Bitcoin - What's Next?
The Big Sunday Report: All You Need to Know
π© Technical Analysis (TA), Lifecycle Analysis (LCA), and Psychological Insights
Today, we look into each Bitcoin cycle we've witnessed to date, which explains you the current Bitcoin price. Every price range tells its own story and reveals the reasons behind the movements, whether upward or downward. You will understand the big picture by this.
Bottom Capitulation Area
In 2021, when Bitcoin was trading at $60,000, I advised exiting crypto, predicting a bear market and a huge crash to $18,000, marking the bottom. Indeed, a few months later, Bitcoin crashed to $18,000, followed by a capitulation at the FTX crash when it hit $15,400. At this point, I posted that Iam going all in with the 2021 bull market gains back into the market at prices between $16,000 and $18,000. This bottom price is historically significant and unlikely to be revisited. Congratulations to everyone who followed and bought at the absolute bottom with me.
Pre-Bull Market Area
The pre-bull region, characterized by resistance at $38,500, needed to be breached to enter the second pre-bull phase. The pump from the $20,000 region to $38,500 was driven by Binance, CZ, Justin Sun, and Bitfinex whales. CZ, with several running cases against him and Binance, decided to pump BUSD into newly launched stable coins, you remember TUSD? Massive buying of BTC, ETH, XRP, and LTC with TUSD by Binance wallets was observed between September and October 2023. I made a full report on that back then. Justin Sun also printed $815 million TUSD on September 16, 2023, and bought BTC massively. This period saw Binance printing $1 billion TUSD in June, impacting the market with daily manipulations and low volume. The pre-bull market saw major players like BlackRock filing for a Bitcoin ETF in June 2023, at the same time Bitcoin was breaking above the weekly moving average 200 for the first time since the bear market began. This phase had massive bullish indicators, signaling a positive outlook ahead including the big news of a BlackRock ETF filing.
Second Pre-Bull Phase Area
The second pre-bull phase was marked by big excitement over the Bitcoin ETF, with rumors of close approval, fully sending Bitcoin from $38,500 to a breakout into the $48,500 range. This range, with hopium of a close BlackRock ETF approval rumored and caused the massive pump.Many significant players and insiders bought in this range, means the region between 38,5k and 48,5k was BlackRock region, a region which was lead by BlackRock rumors, a region that can be seen as absolute bottom region, and a region that supports tons of instituinonal interest. Many people that bought here are big players, many longs entered here, its the big money entry!
Golden Bull
The Golden Bull phase happened after Bitcoin broke above $48,500, following the BTC ETF approval. This marked the entry of BlackRock investors and the traditional financial sector into Bitcoin. This phase, ranging from $48,000 to $74,000, is considered the entry point for "Classic Market" investors, who will defend this range during the bull market at all cost. Let me tell you that this region of golden bull will mark, or be very close to the Bitcoin bottom for the incoming bear market. Again, this region is BlackRock investors entry, and at all cost they will defend it during this bull market. Especially the regions close to 48 - 52k are considered as capitulation region, for that I have no idea how people called for 48k or less few weeks ago. If you understand who bought in this region, you will understand that its impossible to see these targets now. Within this range we formed another range within the golden bull, its the box I have been trading with since the beginning of the year, and the box that predicted the last 8 local tops and local bottoms with absolute perfection. Now, and with the latest Tweet I shared, I think that now the time has come to finally breakout from the box to the upside. A breakout above the 74k region will bring us to the super cylce..
Super Cycle
The super cycle is where unimaginable market movements happen, with daily pumps of 10-30% being normal. The first target for the super cycle is the $86,000 region, with higher targets between $110,000 and $120,000 in the worst case. Between $180,000 and $220,000 in the best case. Historically, super cycles begin months after the halving, and we anticipate the start of this cycle imminently. Until then, every dip to the bottom of our bottom of the box range presents a massive buying opportunity.
I hope this helped you to understand the current Bitcoin levels, and the story behind each levels. I usually share all of my other insights and market analysis including signals and long term investments in the Telegram premium. Follow the link and you will be redirected to a Telegram chat with one of our admins to join β>
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