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Bitcoin Continuation Targets

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Chart price scale is Logarithmic.

Fib ranges are based on log scale.

The multi year inverse head and shoulders is supporting the 1.414 level at ~$128,000.
The calculation for this structure is displayed on the chart. Subtract the range below the neckline and add it to the neckline break price level.

The 7 month consolidation in the form of a bull flag is displaying potential for over performance to the 1.618 level at ~$175,000.

The previous cycle reached the 1.618 level.

In previous cycles, RSI levels reached 85+.

The current RSI value is at 78 which supports room for expansion.

The MACD is vertical and rapidly expanding.

With the current velocity, my targets to the upside are $129,000 and $175,000 in Q1-Q2 of 2025.


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