Where Can Bitcoin Go? Part 3
2024-10-21

📈🌐 Where Can Bitcoin Go? Part 3: Revisiting the Big Chart and Preparing for the Next Breakout 🚀💡 
chart: 

Hey everyone! FX Professor here, and it’s time to revisit what I call my 'Big Chart' as we continue our exploration into Bitcoin’s future price movements. 
 Back in March 2023,  Bitcoin was trading below $25,000, and today, we’re looking at how the landscape has shifted and what we can expect moving forward.

In this post, we’re sticking purely to technical analysis—focusing on Bitcoin’s halving cycles, my 3 major key trend lines, and the overall technical structure that has proven reliable over the years.

 Key Insights: 
 Halving Cycles & All-Time Highs:  
Historically, all-time highs have followed 548 to 565 days after a halving event. Could we see similar patterns play out in 2025?
 Trend Line Mastery:  
My Big Chart tracks three critical trend lines that have been instrumental in identifying breakout and support zones. These levels continue to offer crucial guidance.
 February 2024 Breakout:  
Earlier this year, we had a major  breakout in Februar y, leading to a test of the $73,000 level. After some consolidation, what comes next?
 What to Watch Next: 
We’ve seen Bitcoin break out above major resistance levels after finding strong support around $58,800. This support is part of an ascending trend, meaning it will rise as the price continues upward.

As we could be approaching the $100,000 zone, the question is: 
Will we hit all-time highs (peaks) earlier than usual? (pattern says end of 2025). 
With a strong possibility of achieving this 400 to 450 days after the halving, we could see this sooner than expected (550 days historical pattern)

 Major Levels: 
 Support:  
Currently, the key support level is at $58,800, but as the price trends upward, this level is ascending and will be rising as time goes by.
 Resistance:  
The next major resistance is at $105,800. A break above this could propel Bitcoin to new all-time highs. This will be the third attempt (the green 3, if you know you know!)

The journey continues! Follow along as we track Bitcoin’s path toward new highs. Drop your comments below, and let me know what you think!

One Love,
The FXPROFESSOR 💙

 Part 1: 
Part 2:  
and always remember: 