BitcoinPembelian
BTC break from 14 month descending wedge; $100K to $200K target
After a 12 month drop from 69K on 11/10/21, Bitcoin bottomed at $15460 on 11/21/22 (Coinbase chart). After two months of sideways accumulation, Bitcoin just broke out of its 14 month descending wedge pattern.
BTC has done this in prior bear markets; each time it's gone higher than the previous ATH about 2 years later. This time it should occur by the end of 2024. Another right translated cycle and BTC could easily reach 100K to 200K by the end of 2025. A left translated cycle and 69K and 100K to 200K will come much sooner.
I've been DCAing into BTC and ETH since June 2022; increased BTC position by 24%, ETH position by 12%; both positions through interest another 6%.
BTC has done this in prior bear markets; each time it's gone higher than the previous ATH about 2 years later. This time it should occur by the end of 2024. Another right translated cycle and BTC could easily reach 100K to 200K by the end of 2025. A left translated cycle and 69K and 100K to 200K will come much sooner.
I've been DCAing into BTC and ETH since June 2022; increased BTC position by 24%, ETH position by 12%; both positions through interest another 6%.
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