After not posting for a long time, I finally returned to analyzing the market, namely the Bitcoin market. From the chart here we can see the end of Eliotte, namely stage 5 in the 1 week time frame, which means what? That's right, we are at the end of the Bitcoin bullrun. OK, I will explain a little about the chart that I made; First, Bitcoin at the end of this year will reach its highest point at 109k-119k then will fall slowly but still in the 100k area. Second, Bitcoin will experience a fairly large decline to 60k-65K, why is that happening? as Bitcoin has a CME Bitcoin GAP in the 80k-78k area.
Third, Bitcoin will experience a very large decline in March-April 2025, namely it will touch a price of 43k-45k, why is that happening? because Bitcoin is currently forming a pattern, namely Head and Shoulders, with a low position between 43k-48k. What is next? OK, in my opinion, Bitcoin will hit 100k again in 2027, If; 1. Bitcoin support is strong in the 43k area 2. There is no Global Monetary Crisis. If either happens then Bitcoin will hit 10k again. How is that possible? Yep, we forgot something, namely the CME Bitcoin GAP which is in the 9.8k area. Maybe this is all I can say, and maybe I'll come back a few months from now. I'll just end it here and say thank you.
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