After a brief consolidation in the 100k zone, Bitcoin is ready to run again... monsitj
My previous calls for a strong Bitcoin (BTC-USD) bull run following the long sideways consolidation between March and October has been proven
Bitcoin New Bull Breakout Starts Soon
Summary
- Bitcoin's post-election rally hit $100k rapidly, and then paused, with a follow-on 50% surge to $140-160k beginning soon.
- Weekly charts indicate a powerful Wave 3 rally, attracting institutional money, with a target of $145k by February before a potential correction.
- Monthly projections suggest Bitcoin could reach $300k by April, with significant upside potential as RSI extends into its red zone.
- Bitcoin's adoption as a form of money is accelerating, supported by pro-crypto policies and a shift towards productivity and innovation in financial systems.
Steven Vincent has been studying and trading the markets since 1998 and is a member of the Market Technicians Association. He is proprietor of BullBear Trading which provides market technical analysis, timing and guidance to subscribers. He focuses on intermediate to long term swing trading. When he is not charting and analyzing the markets, he’s the author and thought leader at The Singularity Project.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of BTC-USD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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