BITCOIN will find support above $57k & Rally To $90k In 2025.

4 июл.

I thought I would look at BITCOIN as I've been doing my Plan Your Trade videos.

I don't follow BITCOIN much - but the skills I teach related to price channels, Fibonacci Price Theory, Anchor Bars, Fibonacci Retracement/Extension, and others can be easily applied to any chart.

So, I created this video to share with you how I look at opportunities and pertinent price formations.

First, I see a FLAG formation that is nearly complete.

Second, I see a 100% measured move that has prompted the stalling price action (the FLAG).

Third, I see multiple price channels leading to a robust possibility for a rally phase in BITCOIN later this year and into 2025.

Lastly, I paired my analysis of BITCOIN with my expectations for the US Indexes. Thus, if I were expecting a broad market collapse over the next 6 to 12+ months, I would bias my decision-making towards the downside as asset declines typically result in all assets moving downward for a brief period.

Watch this video and let me know what you think. I've laid out an A (bullish) vs. B (bearish) scenario for everyone and highlighted key levels of support/resistance for traders.

At this point, I believe the strongest outcome for BITCOIN is a bullish rally targeting 90k+