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85k

BTCUSD to 85KINDEX:BTCUSD is looking ready for another big move up. Currently we are squeezing into the tip of a steep ascending wedge of which we failed to break the top of for now. But when we do, its gonna pump hard. Damn these last few months have been exciting to trade! We bounced hard of that macro line (blue), which belonged to a large descending wedge we broke out of (20-01-2023). I consider that validation we weren't going down anymore... That big pump, is an impulse of that validation, so expect 2 more waves up, straight back into the price area Bitcoin belongs in. (Macro red top line to Macro grey bottom line) I've plotted some similar waves onto the chart from similar moves on INDEX:BTCUSD to get an estimation on how price could flow through time. Have fun trading! Keep SAFU and remember to be patient.
INDEX:BTCUSDLong
by MVPMC
12
BTC topping out at 85-90k in2025 Okt2023 is an accumulation year. The halving effect on the price of Bitcoin is diminishing, and this halving event will likely shock many people. This will be the first halving with almost no noticeable impact on the price. Everyone is gonna hope for Bitcoin to reach $100,000, but this will not gonna happen because HKEX:85 ,000 to HKEX:90 ,000 is gonna be the next top. My estimate is that the next bottom for Bitcoin will be around HKEX:40 ,000 to HKEX:50 ,000 in 2026. The Bitcoin halving event occurs every four years and involves cutting the block reward in half, reducing the rate of new Bitcoin issuance. The idea behind this is to create scarcity and increase the value of Bitcoin over time. In the past, Bitcoin halving events have had a significant impact on the price, with previous halvings leading to massive price surges. However, as the Bitcoin market matures and more people become aware of the technology, the impact of the halving events on the price is diminishing. This can be seen in the current halving event, which had little to no impact on the price. This suggests that Bitcoin is becoming a more stable and mature asset, and that investors are becoming more comfortable holding it for the long term. Furthermore, as the Bitcoin market matures, it is likely to become less volatile and more resistant to external shocks. This means that while there may still be significant fluctuations in the price of Bitcoin in the short term, the long-term trend is likely to be upward. In conclusion, the 2023 halving event may not have the same impact on the price of Bitcoin as previous halvings, but this does not mean that Bitcoin is losing its value or becoming irrelevant. On the contrary, it is becoming a more stable and mature asset that is increasingly recognized as a valuable investment in the digital economy.
BITSTAMP:BTCUSDLong
by CyberNetGain
2