btcpullback

Bitcoin ($BTC USD) is showing the first signs of life after nearly testing the 1W MA50 (blue trend-line) early this week. Whether this leads to a full on recovery or not, can been partially answered by this Cycle's price action so far.
Historically we do know that BTC's Bull Cycles so far tend to peak towards the end of their 3rd year and that's 2025. This Cycle has been predominantly trading within a Fibonacci Channel Up, since its very start, the November 2022 bottom. Its 1W MA50 has been supporting since the March 13 2023 break-out, so it's been exactly 2 years of holding and throughout this time period has provided two excellent buy opportunities.
As you can see, the Channel Up can be classified into two main Phases so far: each has a Primary correction (red) of more than -30% drop, followed by a rally (blue), then a Secondary correction (yellow) of more than -20%, followed by the second and last rally (blue). All rallies have so far been around +100%. Based on this model, we are now on the Secondary correction of Phase 2.
Notice that all corrections (either primary or secondary) hit or approached apart from the 1W MA50, the 0.382 Fibonacci retracement level from their previous Low. This is actually the first time that the price has marginally broken below the 0.382 Fib. At the same time, the 1D RSI almost got oversold last week (34.50) and according to the August 05 2024 (Higher) Low, this is were a series of RSI Higher Lows would be a signal of a new bottom formation.
The bottom and recovery process may take a while though, another 4-6 weeks. According to the Time Fibs (blue dashed vertical lines), each correction (whether primary or secondary) has ended at or a little before the 1.0 Fib with the 0.0 being the bottom of the previous one and 0.5 Fib the Top of the rally. Based on this, we can expect the new rally to start by the week of April 28 the latest.
So now as to how high this can get, if it repeats the 'weakest' rally of the Channel's three so far, it should rise by +95.95%, which gives us a straight price of $150000 as a Target. If the rally symmetry also holds, this should come by late September, perfectly aligning with Bitcoin's historic Cycle expectation for the final year.
Do you think that will be the case? Recovery starting within 4-6 weeks and if so, are you expecting 150k? Feel free to let us know in the comments section 👇 below.👇
#BTCNextATH
#BTC150K
#BTC☀️
#BTCpullback
$BTC
#MarketRebound
$BNB

💥 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 (𝗕𝗧𝗖) 𝗣𝘂𝗹𝗹𝗯𝗮𝗰𝗸 𝗙𝗿𝗼𝗺 𝗥𝗲𝗰𝗲𝗻𝘁 𝗛𝗶𝗴𝗵 𝗟𝗲𝘃𝗲𝗹:
Bitcoin (BTC) has experienced heightened volatility in the past few days, driven by macroeconomic factors, regulatory developments, and geopolitical events. Following President Trump's announcement of a U.S. strategic crypto reserve, Bitcoin surged to $95,000 before facing a sharp correction. As of today, BTC is trading around $86,000, reflecting a 9% pullback from recent highs.

💥 𝗕𝗧𝗖 𝗣𝗿𝗶𝗰𝗲 𝗣𝗿𝗲𝗱𝗶𝗰𝘁𝗶𝗼𝗻 – 𝗦𝗵𝗼𝗿𝘁-𝗧𝗲𝗿𝗺 𝗢𝘂𝘁𝗹𝗼𝗼𝗸:
📈 𝑩𝒖𝒍𝒍𝒊𝒔𝒉 𝑺𝒄𝒆𝒏𝒂𝒓𝒊𝒐:
If BTC reclaims $89,500, a retest of $95,000 is likely.
Breaking above $95,000 could trigger a run toward the psychological $100,000 level.
📉 𝑩𝒆𝒂𝒓𝒊𝒔𝒉 𝑺𝒄𝒆𝒏𝒂𝒓𝒊𝒐:
If BTC falls below $83,500, a test of $81,200 – $80,000 is likely.
Losing $80,000 would shift momentum bearish, targeting $76,500 or even the $72,500 swing low.

$BTC

Bitcoin’s latest pullback amid broader macroeconomic uncertainty may not see it rebound to its January $109,000 all-time high (ATH) as quickly as some hope, an analyst says.

“We should assume that we are in the pullback phase after the ATH and will likely continue to consolidate for some time due to liquidity needs,” CryptoQuant contributor XBTManager said in a March 5 analyst note.

Bitcoin long bids “viable” when long-term holders back to buying
XBTManager said once short-term holders of Bitcoin ( BTC ) — those holding for under 155 days — start selling, and long-term holders start buying again, long positions will “become viable.”
Until then, they said traders should be risk-averse when entering positions in the asset.

“Over the next few months, caution is advised, and highly risky trades should be avoided.”
In the days leading up to Bitcoin reaching $109,000 for the first time on Jan. 20 , before US President Donald Trump’s inauguration, short-term holders began increasing their supply, while long-term holders reduced theirs through selling, they explained.

Bitcoin’s $109,000 high on Jan. 20 led to a drop of around 100,000 BTC in long-term holder supply over the following 30 days, but an even larger decline followed in December when it first hit six figures.
Bitcoin is down 1.43% over the past seven days. Source: CoinMarketCap
On Dec. 1, long-term holder supply reached 15.2 million BTC, just four days before Bitcoin reached $100,000 on Dec. 5, according to Bitbo data . By Dec. 20, it declined to 14.7 million.
At the time of publication, long-term holder supply is 14.4 million BTC, a decline of 800,000 BTC since Dec. 1.
Bitcoin retraced below $100,000 on Feb. 4 amid fears of a trade war on Trump’s promised tariffs. It fell even lower to $85,000 at the Feb. 27 Wall Street open as markets digested confirmation of new US tariffs.

Later that day, the asset plummeted below the crucial $80,000 price level, erasing nearly all the gains made after Trump was elected president on Nov. 5.

At the time of publication, Bitcoin is trading at $87,100, according to CoinMarketCap.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
$BTC
#Btcpullback
#btcconolidation
#BTCNextATH
#BTC🔥🔥🔥🔥🔥
#BTC☀️