140 Days into the 2024 Post-Halving for $BTC

6 сент.

We have 47 days until the new BTC ATH.

Watch for pressure driving the price down as there is a high potential to retest the $50-52k range within the next 9-10 days. Avoid capitulation if possible. Historically, the parabolic phase of this cycle will start within the next 4-5 weeks.

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Key Notes:

- Holiday Prediction Levels -

Halloween | 2024 | 82K

Thanksgiving | 2024 | 105k

Christmas | 2024 | 142k

New Years Day | 2025 | 185k

- 500 D ATH Prediction Levels -

Bear | 110k

Base | 200k

Bull | 314k

- 280 D ATH Prediction Level -

Realist | 148k

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Prediction indicators based on historical data from the 3rd Post-Halving cycle.
Institutional, Micro, Macro and Seasonal economic pressures from either direction could blow this off course. I am hopeful the pending September 2024 Fed Rate cut will move the new ATH up by 10-15 days and result in a higher retest low before going parabolic.

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Indicator used is LuxAlgo's historical price prediction indicator, Date is 9/5/20 used on a daily chart with a growth factor of (1). The BLUE trend line is traced over the 2020/2021 parabolic phase of the 3rd bull cycle.