$BTC update on weekly
2024-10-06

So far, all my forecasts have been accurate, and on the weekly timeframe, you can see that we are heading towards a bullish MACD cross.

The RSI confirms this with a bullish divergence. It’s logical to expect another pump before the bear market, which will eventually reset the MACD into the lower red zone and the RSI into oversold territory (over the next 1-2 years according to the 1W timeframe).

In case of invalidation—if the MACD falls below my yellow line—we could enter the bear market early. While this is a possibility, it’s not the most likely scenario at this point.