Bitcoin fired a quarterly trend signal this week when price traded through 83,324 on the three month Bitstamp bar. It was at 85,826 this morning, up 46.64% on the quarter.
The uptrend is active while above 56,500. The projection runs to 509,000 into October 2028.
I trust the date in that projection more than the number, and my public record is why. In February 2024 I published that the advance would run to roughly Q3 2025 and that returns would get worse after that. That is when it topped. In November 2023 I published that total crypto market cap would expand from 1.32 trillion to between 4.8 and 19.55 trillion. It peaked near 4.08 trillion, below even the low end of my own band.
So my timing held up and my price target came in low, and that has been the pattern for several cycles. I read 509,000 as the top of a range and let 56,500 do the risk work.
$BTC
#Bitcoin #TrendFollowing #Quarterly #Macro
The uptrend is active while above 56,500. The projection runs to 509,000 into October 2028.
I trust the date in that projection more than the number, and my public record is why. In February 2024 I published that the advance would run to roughly Q3 2025 and that returns would get worse after that. That is when it topped. In November 2023 I published that total crypto market cap would expand from 1.32 trillion to between 4.8 and 19.55 trillion. It peaked near 4.08 trillion, below even the low end of my own band.
So my timing held up and my price target came in low, and that has been the pattern for several cycles. I read 509,000 as the top of a range and let 56,500 do the risk work.
$BTC
#Bitcoin #TrendFollowing #Quarterly #Macro
