Bitcoin will 14x - 342,000 USD - 2025 projection!

23 янв. 2023 г.

• Welcome to this professional technical analysis. First of all, I want to say many congratulations to the bulls for this amazing start of the new bull market; it brings a lot of happiness back to the crypto community!
  
• January is one of the best months in Bitcoin's history and also for me because the profits are very high, but now let's take a look at the most important thing, which is the profit target for 2025!
  
• Bitcoin is an extremely volatile asset like no other. Every third year, we experience a brutal bearish retracement with a statistical correction of around 77% - 90%. A good strategy is not only to hold for the long run but also to sell at the top and buy at the bottom. It's not easy, of course, but it's extremely profitable.
  
• If you are a trader, I know you are most likely interested in the next profit target for this bull market. My expectation is that Bitcoin will reach its peak in September 2025, but the question is at what price?
  
• I know more about Bitcoin than anyone else, so let's take a look at it!
  
• Of course, it's very hard to predict the profit target exactly to the dollar. But we can use strong tools such as FIB extensions, trendlines, and chart patterns to determine the selling point and prepare for the next bear market in 2026.
  
• FIB extension is a very powerful tool. We need to use the LOG version and the linear version of the FIB extension simultaneously because they are both valid. On the left side of the chart, you can see a classic linear version, and on the right side, you can see a logarithmic version of the bitcoin price.
  
• The most likely and successful FIB extensions are 0.618, 1:1, 1.618, 2:1, 2.618, 4,618, and 6,618, where we may find a top and begin a new bear market later in 2025.
  
• This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
  
• Trendlines are very powerful as well. We have an upward sloping trendline on both the linear and log scales.Take a look at that! On the log scale, we also have an ascending parallel channel that may have significant resistance at the top of the channel as well!
  
• My conclusion is that the next peak for Bitcoin is going to be around 122,000 USDT or around 330,000 USDT. If we reach the first target and the bulls continue higher, then the second target is definitely acceptable!
  
• Thank you, and for more ideas, hit "Like" and "Follow"!
  

24 янв. 2023 г.

Заметка

We have two CME gaps above the current price that need to be filled: