One reason why I am Still VERY bullish on Bitcoin

evvelsi gün

This chart is very simple and it explains itself very well

The upper trend line is formed by going through January candles only ( I have used a Line Chart here for Visibility but rtust me, that line goes through January Candles )

And, as you can see, when PA is above this trend line, it is en-route to ATH
It also helps us see where we are in realtion to previous Januaries.
And, If I am honest, we are Lower than we should be,.

If we look in the channel, the Jan before PA crossed the trend line,going to the 2017 ATH, PA was 114% above the lower Trendline.
The January before crossing the trendline en-route to 2021 ATH, PA was 214% above the Lower trendline - It has to be said, this cycle was blown out of proportion by excessive Leverage etc and, for me, this led to a premature ATH in March. The Real ATH are Late in the year, Nov or December.
This January, 2025, PA is only 87% above that Lower trendline.

But despite the Low level, we do seem to be entering a Much more friendly Crypto Finacial world now and I do expect PA to pick up. If we were to remain under the rising line of resistance, coming off the initial Wave higher in 2023, we hit the upper trendline around 2nd Half of summer. 2025 and at a price around 256K usdt
The ATH will be above this line and we will have to wait to see how much higher it goes.
This is the GREEN YEAR in Bitcoin Cycles.
Lets go
Please Note, I do expect the first quarter to be possibly not so friendly.
We have to wait an see but by this time next year, I am hoping we will have had the ATH
Time will tell