Bitcoin $118K in Dec. '24, $150K Feb. '25, Correction & Other...
2024-10-14

Imagine Bitcoin at $100,000 or $120,000. Say, Bitcoin starts growing now and by November 15 reaches a prices tag of $118,000, what now?

In just two months Bitcoin moved from $42,000 to $74,000. After reaching $74,000 Bitcoin has been sideways with a downward bent now for 7 months, since 14-March. Exactly 7 months.

Bitcoin hit a low in June 2022. It went below $20,000.
In order for Bitcoin to recover back above $20,000 it took 7 months.

From $20,000 Bitcoin moved higher and entered a range between $24,000 and $32,000. It took 7 months to break this consolidation pattern and advance from a low of $25,000 toward a high of $74,000. The entire rise from $25,000 to $74,000 took a total of six months.

Say Bitcoin moves to $118,000 by January 2025, what then?
Do we see or expect a move toward $150,000 or $180,000 or a correction?

Say Bitcoin moves to $118,000 by January 2025, would it then go straight up or a correction?

If we go by past history, it can go sideways for another 7 months, from January 2025 to August 2025 sideways? Sounds pretty strange. If you use a map of past action to predict future action, then this doesn't make sense.

Thinking of hitting 118K and then going straight up makes even less sense because we see how the move to 74K resulted in a retrace and the advance toward 25K resulted in consolidation, so there is always a stop.

If it starts growing now straight up for 4 months and hits $150,000, say in February 2025, what then? 12 months bearish? From February 2025 through February 2026 moving down? That doesn't make sense.

Let's say Bitcoin continues sideways with the same pattern for three months and then grows in 2025. This is possible but we have to assume that whales, who play/trade for money like the rest of the world, will forgo all profits. They simply decide that they will not profit for their years of hard work.

Current scenario: Let's say Bitcoin produces a continuation of the current pattern and produces a low of $35,720 to end its corrective phase. This is between October and November 2024, what then?

After this major low, Bitcoin can recover in late November and December 2024. Bitcoin can continue to grow slowly in January and February 2025 just as it did back in 2021. Bitcoin would then gain speed and produce the first high between April-May-June 2025.... Makes sense?

In order to have a strong 2025, a correction in 2024 comes first.

Look at the Altcoins. They are strong for 2025 because they already produced a strong correction in 2024. The Altcoins moved first and this is normal and expected because their total capitalization is smaller than Bitcoin, so if the market turns bearish they go down before Bitcoin does.

Since Bitcoin is the big brother, the big one, the father, the boss, if the market is set to turn bullish Bitcoin moves ahead.

The market has been bearish since early 2024, what happens if just two whales decide to take profits?

Leave a comment with your answer.

Namaste.