This was the crucial resistance zone to break through for $BTC.
The $112K marked the tipping point for me.
Once that broke, it's clear that this bull market is far from over and that we're about to have way more upside to come in here.
What's next?
Probably, just before FOMC, a regular pullback, after which we're going to test some levels for support on the lower timeframes.
Those levels should hold and then we're going to be running towards a new all-time high in November.
Buy the dip season it is.
#BTC
In the 2015-2017 cycle, Bitcoin peaked 518 days after the Halving
In the 2019-2021 cycle, Bitcoin peaked 546 days after the Halving
If history repeats and the next Bull Market peak occurs 518-546 days after the Halving...
That would mean Bitcoin could peak in this cycle in mid-September or mid-October 2025
Currently, Bitcoin is accelerating in this cycle by approximately ~100 days
So the longer Bitcoin consolidates after the Halving, the better it will be for resynchronising this current cycle with the traditional Halving cycle
$BTC #Bitcoin #BitcoinHalving
Taking into account that there's a halving happening on #Bitcoin, then the price action is still comparable to previous cycles.
The only difference; valuation is higher pre-halving due to the ETF.
What it does mean:
- Top is near, 30% correction likely.
- Altcoins to do well.
Is #Bitcoin repeating its 2020 breakout? Rising ETF inflows and positive technical indicators suggest $92.5K could be the next target. Let’s dive in! 🧵👇
Bitcoin price breaks out of $9.3K for the first time since July 13 yet traders remain cautiously bullish as the fear of a fakeout $BTC rally remains https://t.co/R0JX8YpAzB