Bitcoin Bullrun May Take a Few Months
Bitcoin price went up and broke up all time high after 2024 US Election result. After this major trigger news Bitcoin entered bullish trend. Bitcoin price was in consolidation time for 6 months. After the support of major news for crypto, Bitcoin price broke up all time high!
Here you can see monthly chart of Bitcoin. Even lots of investors think that Bitcoin price was in consolidation time for long time, it was only short time when look long term price chart.
When we look at the indicators of monthly chart of Bitcoin, we can see the similarity between 2021 and now. MACD and Fisher Indicators move as similar as 2021. I drew arrows to show this similarities.. Fisher Indicator and MACD Indicators are at the same level. It may take a few months, when we look at MACD and Fisher Indicators. If Bitcoin price follows the similarity, Bitcoin has only 3 months to make all time high!
You can see what happened after 3 months! It is important to be careful at these months.
Here you can see weekly chart of Bitcoin price. There is also similarity at weekly chart. Fisher and MACD Indicators are also at same level. When we look at these indicators on weekly chart, we can see This bullish trend may take only a few weeks!
As I said we should be careful. Altcoin season may pass this season.
I will cash out the market at the beginning of 2025. I may be quit season. The new news may effect the market and we should follow them.
We will see..
Posted Using InLeo Alpha
i also have the thought and believe that the price of bitcoin will surely go high by the end of the year and i am hoping for that
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