#BITCOIN IS JUST BELOW THIS CRITICAL RESISTANCE!!😨

#Bitcoin📷

Bitcoin's weekly candle closed below
67K,which is not a good sign. We are now below a critical resistance level.

What are your views on this?

#BTC

註釋

#BTC broke out of the descending channel.

A successful retest above the channel would indicate a continuation of the bullish move.

We still need to break this ATH for more conformation

However, if the price falls back inside the channel, it would be a sign of a correction.

#Bitcoin

註釋

#BTC

Bitcoin's weekly candle closed below , which does not look good.

But just after that, BTC made a quick move to the upside.

We have ATH as a resistance, so we need a weekly candle close above the ATH.

Keep an eye on the weekly closing.

#Bitcoin

註釋

#Bitcoin📷 is retesting after breaking out of this descending channel! 🔥

註釋

#Bitcoin📷 is forming a falling wedge pattern!

註釋

#Bitcoin

As always, BTC surprises us. After breaking this descending channel, BTC failed to retest the support and is currently back inside the channel.

But the daily candle has not closed yet.
Keep an eye on the daily close. 👀

DYOR, NFA

註釋

#Bitcoin

As always, #BTC surprises us. After breaking this descending channel, BTC failed to retest the support and is currently back inside the channel.

Now, 67k to 67.5k are working as support.
After this fakeout, I am expecting a breakout again.

Here we have two scenarios:

In the first scenario, we will bounce from the support level of 67K to 67.5K, break the pattern again, and move forward.

In the second scenario, we might see more downward moves toward the 50MA to retest it and then break the pattern again, and move forward.

#Crypto

註釋

BITCOIN: HISTORICAL AND LOGARITHMIC CHART!

This chart is based on historical data and is logarithmic.

I believe that the correct fit is a square root function in the logarithmic chart, meaning that the growth is slowing down on long timescales. BTC cannot continue to grow exponentially; this would lead to insane prices of many millions in 2025. While I am a long-term Bitcoin bull, one has to remain realistic.

The cause of these growth cycles is the halvings, which lead to a supply shock followed by a subsequent rally—every time. These are all guesstimates, of course, but I think this chart is realistic.

The long-term goal for BTC in 2025 is around 150K to 180K USD, in my opinion. It won't go much higher afterward and can be seen as the final asymptotic price.

Important Things to Note

- During the 2016 bull run, after breaking its previous ATH, BTC had a 303-day bull run and reached a new ATH of $19,666.
- During the 2020 bull run, after breaking its previous ATH, BTC had a 337-day bull run and reached a new ATH of $69,000.
- In the 2024 bull run, BTC broke its previous ATH in just 500 days, which was not expected. The current situation is that BTC broke out of its previous ATH and is currently retesting it. Based on historical data, we can expect a bull run lasting between 303 and 337 days.

I hope this chart helps people understand the long-term growth dynamics of BTC. This idea is presented in a probabilistic manner.