The Countdown to $107K: $BTC's Bullish Continuation Signal Nears

2024年11月10日

A strong monthly signal on BTC is approaching, almost ready to trigger one of the most significant signals since the low in November 2023.

This signal is a continuation of the current uptrend.

If BTC reaches $85K before December, it will confirm the breakout from the current consolidation phase. From there, we could potentially see $107K and $188K by July 2025.

Many haven’t noticed, but there’s hidden strength in the trimester bars as well. Overall, I don’t see anything bearish in the current momentum. $107K no longer seems like a distant target, but we still need to see higher highs on the monthly chart for further validation of the signal.

There’s a small chance BTC could exceed $200K, but that would likely require the trimester signal to kick in from the $60K consolidation phase. While it's not my primary expectation, it's worth noting as a possibility.

Also, prices below $60K seem unlikely at this point—at least not until this bull run is over. Don’t expect to see any dips below $70K during retracements (and even that would be generous).

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Previous post for reference:

2024年11月18日

交易進行

One last push to 100k and then a pullback — all before the end of the year.

I think it will create a floor above 80k. If this final leg fails, expect a fast retest of the 78-80k zone.

But for now, I’m more inclined to see a push into the 100k area.