Bitcoin will bottom on the 4th of February 2025 after one more billion worth of liquidations, or maybe more, and then will start a long drawn out recovery...
Wait! Not so fast, there is more.
This is my opinion but what about the chart?
The chart opens up the possibility of a small bounce followed by another drop that will produce the kind of pattern that would send Bitcoin lower all the way through 14-February 2025, this followed by a strong recovery.
The main scenario and the one that is most likely can be a bottom tomorrow and this bottom price based on the current retrace will lead to a very long drawn-out recovery. It will feel like it is very long but it will take less than a month for full green again.
Something like slow growth happening on a daily basis between the 4th of February until the 23rd. When the 23rd is in, somehow and out of nowhere, we see Bitcoin's price increase at bullet speed. The same is true for the rest of the market.
Of course the Altcoins will recover much sooner and as soon as Bitcoin's bottom is in, some Altcoins will be up by 200% or 300% on a matter of hours because we are pre-boom-boom bull-market wave.
The fact that right now we are not seeing those 100% bullish jumps on small pairs means that for the bottom we have to wait. Notice that we are still within the strong long-term consolidation range.
After the higher boundary of the consolidation range is tested and pierced, the lower boundary of the consolidate range is tested and pierced. This is the map and this is the expected —now to happen— market dynamic. What will it be?
My opinion is that Bitcoin will bottom tomorrow but nobody knows. After this bottom, a strong recovery for the Altcoins but drawn out for Bitcoin, it will take months. After months of consolidation, slow bullish growth, we will see the market speed up. Before you know it, we will be trading, moving and being in the 2025 bull-market and everybody is happy and up.
Patience is key. Thanks a lot for your continued trust and support. It is truly appreciated.
I am wishing you a wonderful week ahead. Things can become ugly pretty soon but remember, this is only noise in the short-term. Long-term we are going up. One final low and there is no going back.
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لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.