Bitcoin / BTCUSD remains supported by the 1week MA50 just like it has been through the whole 2020/21 period after the COVID crash.
In spite of the massive bearish pressure of the polical developments (tariffs), the fact that the market is holding the 1week MA50, means that it is respective Bitcoin's Cycles.
In fact this is like the May-June 2021 accumulation on the 1week MA50, following the first Bitcoin Top of April 2021.
Similarly, we've had a peak formation in December 2024- January 2025 and the market corrected.
In addition to that, the 1week RSI is testing the 42.00, which isn't just where the August 2024 and September 2023 bottoms were priced, but more importantly the June 2021 one.
The symmetry between the last two Cycles is uncanny, both trading inside the long term Channel Up, with identical Bear Cycle and (so far) Bull Cycle ranges.
If all ends up repeating themselves, expect a value of at least $160000 by September.
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In spite of the massive bearish pressure of the polical developments (tariffs), the fact that the market is holding the 1week MA50, means that it is respective Bitcoin's Cycles.
In fact this is like the May-June 2021 accumulation on the 1week MA50, following the first Bitcoin Top of April 2021.
Similarly, we've had a peak formation in December 2024- January 2025 and the market corrected.
In addition to that, the 1week RSI is testing the 42.00, which isn't just where the August 2024 and September 2023 bottoms were priced, but more importantly the June 2021 one.
The symmetry between the last two Cycles is uncanny, both trading inside the long term Channel Up, with identical Bear Cycle and (so far) Bull Cycle ranges.
If all ends up repeating themselves, expect a value of at least $160000 by September.
Follow us, like the idea and leave a comment below!!
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.