Michael Saylor has driven waves of excitement with his massive Bitcoin purchases. While it’s fascinating that a software company like MSTR is using Bitcoin to boost its stock price, that’s not our focus today. https://saylortracker.com/
Our goal: Outperform Saylor and make better Bitcoin purchases.
📊 Current Market Outlook
📉 60-Day Cycle Low: Bitcoin appears to be at a 60-day cycle low—a fantastic buying opportunity!
However, don’t hold past the 3-day cycle high.
🔮 What the Cycles Are Telling Us
- 2-Week Cycle: Recently reversed to the downside, signaling potential for further declines. - 1-Week Cycle: Still declining and likely needs another month to reset. - 60-Day Cycle: Historically bearish before completing a 24-week cycle.
💡 Key Takeaways
1️⃣ Bitcoin may need a breather before its next big move. 2️⃣ The bull market is intact, with a price range of $130–150K still achievable. 3️⃣ This is unlikely to happen in the first two months of 2025.
⏳ Patience Pays Off
I know you’re eager for gains, and soon enough, your altcoins will have their moment to shine**. 🌟
You’ll be sending screenshots of your portfolio to your friends again, trust me. 😉
📅 Most Probable Scenario
Bitcoin tends to move in 24-week cycles. On the weekly timeframe, we may see further bearish action before a reset, providing even better buying opportunities.
Patience is key—trade smarter, not harder!
This is not financial advice. Always do your own research! 📖
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