LogicallyMinded on Nostr: This week will be pivotal for the the price of #Bitcoin. By the end of it, we are ...

This week will be pivotal for the the price of #Bitcoin. By the end of it, we are likely to get a better sense about which path will #BTC take for the next years ahead.

Supercycle bull 🐂 or end of 16 years cycle bear 🐻 ?

#Trading #Tradestr

quoting
note12ww…mcwd

Here is an update on the #Bitcoin price forecast:

I usually don’t update these forecasts very often but I had overlooked a bearish option which I think has a high probability of playing out.

Path 1: 45% probability. This is the bear case in which #BTC would range between $70k and $120k until at least the end of 2027. The current high would hold for the time being and the price would start retracing to low 80’s/high 70’s. We would still see a final leg up that may take the current high marking the end of this bull market cycle. This path is the best fit for what would be expected of a typical 4-years cycle in terms of price and time.

Path 2: 35% probability. This is the bull “supercycle” case. We would see a retracement from the current high to the $94K area. Then we would continue upward towards higher highs. This bull cycle could end in early 2028 at a price around $230K which would constitute an atypical bull market.

#Trading #Tradestr



note1r2q…kkqc