"Bitcoin hitting $50,000?π°π
Sounds crazy, right? π²
But there's a statistical setup emerging that suggests it might just be possible. π
This thread was inspired by
@KrownCryptoCave latest YT video titled "Bitcoin How Likely Is $50,000 For Crypto Investors", link below.
youtube.com/watch?v=izfkZWBTβ¦
Let's dive in and make sense of it all:
THREAD π§΅"
1/ First, let's talk about ETF fears. π¨
They're looming and causing a lot of jostling in the market. π
But remember, these stories pop up all the time. π
The real key is to focus on the data. π§
2/ We've seen four of these setups in the past year. ποΈ
Three have played out as expected, one didn't. π²
Now we're seeing another one emerging. π±
3/ The two-day timeframe volatility has dipped below the 10 percentile marker and is now expanding. π
This isn't as inspiring as setups that base off in low volatility environments, but it's still significant.π‘
4/ The direction of the two-day timeframe stochastic oscillator is what's really interesting. π
It's showing an upside bias. π
In the past, there have been 21 instances of this setup.
17 of them played out well to the upside. π
5/ That's a strike rate of just under 81%. π―
Pretty high, right? π
But remember, this isn't guaranteed to last forever. β³
It's just what the data is showing right now. π
6/ These setups typically take about 18 to 19 days to play out. ποΈ
So, if Bitcoin stays above $44,400 for the next 48 hours, the upside is more likely than the downside. πΉ
7/ So, what does this all mean? π€
Well, the data suggests that Bitcoin hitting $50,000 isn't as crazy as it sounds. π
But as always, remember to keep an eye on the market and make informed decisions. π
And that's the thread! π§΅
Remember, the market is unpredictable. Always invest wisely. π‘
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π§΅