#Bitcoin – What’s Next?
The Big Sunday Report: All You Need to Know
🚩 TA / LCA / Psychological Breakdown: Bitcoin is currently attempting to break out from its most recently formed diagonal resistance. Let’s analyze the situation based on probabilities and ask: what’s most likely to happen next? Bitcoin has shown extremely strong support in the 99–100K region, and it bounced accordingly just a few days ago at the 100,400 level. Now, it’s testing the diagonal resistance again, and it’s looking increasingly likely that BTC will manage to break out with force in the coming days towards targets above the ATH level! If you’ve followed my analysis for a long time, you already know: I called Bitcoin to hit 100K three years ago, back when it was at just 16K. That target has now been achieved. Most recently, I’ve made a new and much bigger prediction: that Bitcoin is entering a massive new leg up, with gains projected between 70% and 170%, triggered by the recent Golden Cross that has now officially printed as detailed explained in the Sunday report three weeks ago. In case you missed the detailed Golden Cross report.
This upcoming week will be highly volatile, especially due to the CPI data release on Wednesday. Here’s my take: Wall Street is currently pricing in a 2.5% CPI, which in my opinion is too high. I personally expect the number to come in between 2.1% and 2.3%, a clear sign that inflation is cooling. That, in turn, would open the door for Jerome Powell to start cutting more! This will result in a pump in stock and crypto market. All eyes on CPI this Wednesday.…
Overall, I see a strong trend and markets will continue to rise with first targets between 108-110k, and this is by far not the end. The golden cross is promising us between 70-170% in gains in the coming months! Good times ahead