LogicallyMinded on Nostr: At this point I would be very surprised if anything more bullish than Path 1 plays ...

At this point I would be very surprised if anything more bullish than Path 1 plays out. Path 1 allows (but does not guarantee) for a higher high but that’s one you may want to sell into if we get it.

#Bitcoin #BTC #Trading #Tradestr

quoting
note1hcw…mqss

#Bitcoin price forecast update:

With #BTC putting on a new ATH, the bear path that could have opened the door for a full retracement of the current bull cycle becomes very unlikely. However, I wouldn’t discard a high probability (45%) for the top to be in for this bull cycle. If that’s the case, it is more likely that Bitcoin will see a multi years sideway consolidation ranging between $134k and $70K (see path 1). This scenario would become quite unlikely if $125,220 is breached before the price reaches $105,128 first.

If we get a extended bull cycle, I see two paths:

Path 2 that would see the price of Bitcoin grinding up in the already established channel until September 2026 to then consolidate sideways until 2030 or so.

Path 3 that would consist in a blow-off top running until the end of 2026.

Both paths would become less likely if the price can’t hold $105,138. I put a probability of playing out at 35% for path 2 and 15% for path 3.

#Trading #Tradestr



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