Bitcoin

Bitcoin life cycle-stage One ending-Next cycle has to start NOW

79

There are 3 things to see in this chart
1) The Orange Arc of resistance. I have talked about this previously but to recap a little, it has its origins in Oct 2009 and has rejected EVERY ATH since then, as you can see on the chart. The Arc itself is part of a Fibonacci Spiral.
This Arc has begun to Squeeze PA against the lower trend line, that was formed in 2011.
And we are now in a position where PA MUST react or get pushed below the Long Term line of support.
This could be called Make or Break time for Bitcoin.
The Apex of this pennant is around Jan 2026
PA always reacts before the Apex.....99% of the time.

2) The Vertical Coloured bars are Trend Based Fibonacci Time, It begins on the 1st ATH in the channel that Bitcoin created. This channel is shown in the chart below
https://www.tradingview.com/x/o1YPZpaX/

See how the Runs to the 2017 & 2021 ATH were all in a Bullish Green zone and how PA never retouched the lower trend line of support in this time
Since Mid 2021, we entered a Bearish Zone.
On the main chart, you will notice how this Fib Time has just ended.

3) The Trend based Fibonacci Extensions. Every single ATH rejected off a Fib extension.
The Root is at the 2009 Low and 1 is at the First ATH in the Bullish Fib time Zone.
The numbers here are all based off the 3,6,9 number sequence.

Lets look a little closer at the weekly chart
https://www.tradingview.com/x/DD1e1of4/

As we can see, PA got repeatably rejected off this orange Arc of Resistance and Current PA has been up there, trying to break through since 2024.
Many people have also commented on how PA has been so subdued this cycle and could this be reflected in the Fib Time showing us that we are in a Red Bearish Zone.
See how, from Mid 2021, when we entered a Strong Red zone, PA took a Deep dive off the Nov 2021 ATH.
Also note how this zone ended in late 2022 and in Jan 2023, PA began its current cycle Run. See the change in Colour ?
And Currently, while Bitcoin tries to break out of this squeeze, we were in a Red zone again....that just ended.
AND we can also see that we have not yet reached the 6 Fib Extension at 120,251 usd

The situation we face here is that if PA gets rejected off that Fib line, having just broken through the Arc, we could get pushed right back down under the Arc again. It is VERY STRONG RESISTANCE
This next move from Bitcoin HAS to be strong enough to take us up to the 9 fib line at 180,391 usd at a minimum. This way we can use the 6 Fib extension as support when PA cools off from a big push and so remain above the Arc and begin the Next long term cycle.

The Daily chart below shows us where we are right now
https://www.tradingview.com/x/fSrGEf55/

You can see how PA has repeatably tried to break above the Arc and been rejected Firmly Every time...so far, PA has avoided going right back down to the Lower trend line and has remained in near distance to this Arc..But we are running out of Time.
Recent attempts by PA have been Strong and I am sure that we will make it over but the real question is can we also get over that 6 Fib extension and stay above.

The weekly MACD certainly has enough strength to cope
https://www.tradingview.com/x/jAhGQB2c/

Should we have a subdued Summer trading on Bitcoin, we will see this MACD cool off and be stronger before a sustained push near Autumn maybe.

To conclude, Bitcoin is under pressure to move out of its First Full Cycle.
It is getting Squeezed and now it is time for Bitcoin to prove it can cope with its new found "Adulthood"
The Next Big push, maybe later in the year, could very realistically reach 200K or more and this would place us Above that 9 Fibonacci extension I talked about earlier.
Of course, events could change and we could see PA collapse back below the Arc.
If this happens, all is NOT lost but it would certainly weaken the case for Long Term holders to continue doing so.
This then could create a Snownall effect and prices may tumble....And I will buy MORE....
Either way, we are in a HUGE moment for Bitcoin and I am privileged to be able see this all unfold...
Lets see what happens but, for me, I am Still VERY Bullish though Cautious....
We may have to revisit low 70K in the near future if Pa cannot get over this Arc and the 6 Fib extension




Thông báo miễn trừ trách nhiệm

Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.