Something happened recently… It was a breeze… It knocked the door open, and it felt so good… But it wasn’t the breeze, it’s in the air, the atmosphere, the aura; it’s a feeling!
Good night, my fellow cryptocurrency trader, what a wonderful day!
It is my love, my pleasure, and my joy to write for you now, always, yesterday, and forever again. It’s good to be here in this moment, healthy, breathing, and living with you.
Notice the Fibonacci levels on the chart. Bitcoin found resistance exactly at the 1.236 Fib extension, which corresponds to the last bull market. This is fascinating because it reveals several things.
First, should we recap? Shall we go through what just happened?
Ok! All resistance has been obliterated. We are now in bullish territory, firmly in the bullish zone.
We are in this moment, so let’s focus on today.
Presently, trading volume is finally rising, showing a volume breakout that is several times above the weekly average. We are good on this front. With resistance now in the past, we no longer consider a potential rejection, but instead focus on the next target, the next resistance; how far up can it go?
After the $81,500 target, we have $89,444 next. This is followed by the much-awaited, the much-anticipated $100,000, specifically, 102K. This is the golden ratio and a major resistance level — consider a stop at this point. If Bitcoin is going to take a break at any time while rising, this should be considered by all the bulls involved.
Now, the main target for the current wave is the 2.618 extension, which sits at $155,599. At the current rate, this target would be hit between now and May 2025.
With a blow-off top, no double-top, this makes for an interesting bull market in this cycle, but the old map has been broken, so anything goes.
What happened to Google, Apple, Amazon, Microsoft, and the rest? Is Bitcoin entering a phase where it grows long-term? Hard to say, but it’s easy to say that the current market conditions point toward maximum growth, supported by maximum interest and maximum strength.
So, six months to the next high. The correction that follows would be the next bear market, and it would never go below 64 or 48K, then a new wave starts, and we keep on growing. The altcoins are going to boom 100X.
Another scenario is a long stop after hitting 102K, consolidation above support leading to a major high late in 2025…
My Profit today:
https://medium.com/media/8df1f506291bb9732f49eee215c7e42f/href
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A Bullish Bitcoin: $155,599 Shows Up As The Next Target! was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.