Bitcoin - Ultimate 2025 target + Name your coin

21 thg 6

Bitcoin should bounce soon from the 62,400 level and continue in the bull market to an all-time high. Why 62,400? All details are in my previous analysis in the related section down below.

Critical news:

1. Looking at AI-generated images and listening to AI music causes internal mental bleeding. Regulations on AI will follow. Bad news for AI crypto coins? (Source: X).
   
2. Michael Saylor's MicroStrategy Acquires 11.9K More Bitcoin for 786M. The company now holds 226,331 bitcoins worth just shy of $15 billion. The company's bitcoins were purchased at an average price of $36,798 each. (Source: CoinDesk).
   

To establish the ultimate profit target for the whole bull run, we need to use the Fibonacci extension and Elliott Wave theory. Throw away all Fibonacci levels on Bitcoin and use only following that works: 0.382, 0.500, 0.618, 1.000, 1.382, 1.618, 2.000, 2.382, 2.618, 3.000 etc......First, we need to make an Elliott Wave count, and after that, we can use the Fibonacci extension tool. As per my Elliott Wave count, we are in the final wave (5) of the whole bull cycle. That means we are in an impulse wave (1)(2)(3)(4)(5) and finishing the fifth wave. In general, to establish the profit target for wave (5), we need to use the Fibonacci extension tool from the start of the bull market, to wave (3), to wave (4). Usually, we want to target the 0.382 fib extension or the 0.618 fib extension. But in this case, it seems to be too low, so I am targeting a 1:1 FIB extension because of the wave (2) look. This gives us a profit target of 114,853.

Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Also, name your coin in the comment section and I will tell you my opinion + TA. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.

21 thg 6

Ghi chú

I will be answering the whole weekend (Saturday+Sunday). Please try only 1 coin per person. Thanks, and have a nice weekend!

22 thg 6

Ghi chú

On the lower timeframe, Bitcoin almost completed the triple three (WXYXZ) corrective pattern. We are currently in wave Z. Weekends tend to be extremely low volatile.

22 thg 6

Ghi chú

The majority of altcoins that you requested are very bearish.

But there is one that is very bullish: TURBOUSDT

23 thg 6

Ghi chú

The weekly candle will close today, let's take a look at its shape. A continuation of the downtrend is expected.

23 thg 6

Ghi chú

I did around 100 analyses on altcoins. I can make only 50 comments per 24 hours, so thanks for participating with me. You can write your coin in one of my next posts!

Summary: 95% of altcoins are very bearish, and altcoins and crypto in general are getting rekt.

24 thg 6

Ghi chú

Bitcoin just entered a bear market. Expecting prices around 40k!

25 thg 6

Ghi chú

Bitcoin crashed dramatically last days, it looks like the start of a big downtrend / bear market. The bullish cycle may be over, and we are entering the next bear market. More details in my next analysis.