Why Bitcoin Sideways Is A Good Thing (12 Days Left!)
2025-02-12
Category: None

In November 2024 Bitcoin broke for the first time above $80,000.
Bitcoin has been trading above $80,000 since.

Bitcoin produced a new advance and peaked around $110,000 on the 20th Jan 2025.
This is all good.

Since 13-November 2024 when Bitcoin broke above $90K for the first time until this present day, we have a sideways channel, a trading range. Why I consider this to be good news?

The fact that Bitcoin is making a three months long stop at the 90,000 - 105,000 level is great news because this establishes a long-term support zone. This means that Bitcoin can grow from current levels, and when this growth stops the next support will always happen within this range.

Let's say that Bitcoin starts to move on the 5th of March and hits around $120K. Just as an example.
This move is followed by a very strong correction. Regardless of the strength of the correction, we know that support will be found in the 90K - 100K price zone. This is because currently this level is being established as a strong support.

Bitcoin can grow fast to 130K.
Bitcoin go grow strong to 150K. It is all the same.
If a correction follows, a flush-crash, support will be found in the same mentioned range.

Bitcoin can grow and grow and end the bull-market cycle and then start a new bull-market, say topping around 160,000 or 180,000 or 200,000, these are just examples, but any bear-market, regardless of the length, can find support between 80,000 and 100,000. That is the reason why it is good that Bitcoin is taking a while before the next wave of growth.

A consolidation period establishes a long-term support.
A clear long-term support range is good. Because we know when and where to buy.
We know how to and when to buy to later hold.

The main range is 90,000 to 105,000.
The extreme support right now is 80,000.
In a worst case scenario, 74,000 can be considered but not lower. This is the peak hit in March 2024.

Bitcoin will continue sideways; 12 days left for fiery, impulsive and forward energy to give us support.

Once Bitcoin starts moving there is no going back.
Enjoy this time now to prepare and to plan.

The Altcoins are already moving and will only speed up.

The market will always produce tricky moves, swings and shakeouts, but all retraces are an opportunity to buy-in, rebuy and reload. Preceding a bull-market, always go LONG.

When the market goes down we wait for the confirmation of support.
When support is confirmed, we buy and we hold.

Thanks a lot for your continued support.

Namaste.