BTC - POSSIBLE LONG TERM SCENARIO (JAN 2024)

This is my first post in 2024.

BTC - POSSIBLE LONG TERM SCENARIO (JAN 2024)

This is what I see BTC in a big picture at the moment. The lowest I anticipate (if happens) would be 36k. Moreover, BTC can correct when reaches around 48k. The top also can be around 150k in 2025. Let's see what will happen.

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BTC current price is 45k. Also, Bitcoin ETF decision will be made probably on 10 January 2024 (the next 2 days). This is very important news for the whole Crypto market. If approved, it can make another leg up.

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BTC at 47k. Only 1k to hit the first target 48k. Then be careful.

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Today is 10 Jan 2024 (day of ETF news reveal) . BTC hit 48k and entered the possible reversal zone.

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BTC Hit 48K and now at 42k. The struggling is quite obvious in the reversal pattern shown. I expext BTC go range (40k to 50k) for a while, helping Alts to go up.

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After hitting 48, the next target can be 36k.

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48k is a very strong resistance.

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48K can be hit once again.

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36K would be a good buy zone area if reached.

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BTC hit ATH (64k) in Feb 2024. It was a significant time.

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It is still valid.