Bitcoin will dump to $86500
2025-02-06
Category: None

You must be thinking this guy is crazy based on that title.

But am just gonna show you this simple analysis.

Its monthly timeframe.

Market behavior have occurs in 3 ways.

Impulse, Correction and continuation.

Bitcoin right now seems to be starting its corrective phase before next continuation followed by impulse.

I highlighted in yellow circle just to show you how the correct phase looks on the monthly so you can see the similarity.

Now the demand for bitcoin is strong so when it corrects on the monthly usually doesn't correct too deep. It normally retraces to fib 38.2. As of yet it hasn't retrace to the 38.2 fib level yet which is around $86500..

I don't think I need any additional confluences, on lower timeframes price structure its slowly confirming this is where the market will likely go. So buckle up and don't be surprise.

And of-course don't come for me if it doesn't play out, anything can happen we talking probability here. Its not favorable to invest at a high. Better to buy low and sell high. This correction could take a few months or it could happen very quickly days to weeks.