This will be predictive graph theory idea given my last post remains valid. Will link it below.
If buyers continue to hold this $40-42 level as macro support then we expect IBIT to rally as much as 50% towards a $60-62 target!
If/When IBIT is able to complete this move, then we can predict sellers will use this level in the future to create a "right shoulder" in this seeming-to-develop Head & Shoulders pattern. This would correspond perfectly to the 0.618 of the micro trend and also our red box of potential "supply" for sellers.
If/When sellers create a a right shoulder then we should expect price to drop back towards the neckline ($40-$42). Its hard to say exactly where the neckline sits but it should be one of the two white lines I have drawn.
If/When IBIT breaks this "neckline" then we should expect price to head towards the $25-30 level. The very low was $22 but a sweet spot seems to be around $28. It all depends on how low BTC drops, but given BTC continues to respect its 4yr cycle theory we should also expect IBIT to behave in a similar way.
Therefore, the bottom for IBIT will most likely occur around October 2026.
Keep in mind this is a highly speculative post, but one I will be adding confirmations to as they happen.
If buyers continue to hold this $40-42 level as macro support then we expect IBIT to rally as much as 50% towards a $60-62 target!
If/When IBIT is able to complete this move, then we can predict sellers will use this level in the future to create a "right shoulder" in this seeming-to-develop Head & Shoulders pattern. This would correspond perfectly to the 0.618 of the micro trend and also our red box of potential "supply" for sellers.
If/When sellers create a a right shoulder then we should expect price to drop back towards the neckline ($40-$42). Its hard to say exactly where the neckline sits but it should be one of the two white lines I have drawn.
If/When IBIT breaks this "neckline" then we should expect price to head towards the $25-30 level. The very low was $22 but a sweet spot seems to be around $28. It all depends on how low BTC drops, but given BTC continues to respect its 4yr cycle theory we should also expect IBIT to behave in a similar way.
Therefore, the bottom for IBIT will most likely occur around October 2026.
Keep in mind this is a highly speculative post, but one I will be adding confirmations to as they happen.
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Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.