Insights

Elizaveta_12

2025/03/27 14:16

BITCOIN Say goodbye to low prices if this level breaks.

Bitcoin ($BTC USD) has turned sideways the past couple of days following the strong bullish reaction on the 1W MA50 (blue ' data-name="RED">red trend-line). The reason it that it is about to face the most common Resistance of this Cycle, the 1D MA50 (blue trend-line). Within the current (2023 - 2025) Bull Cycle, BTC always started its new rally near or on the 1W MA50 but the most important development to confirm that was a break above the 1D MA50. On both previous correction/ accumulation phases, the 1D MA50 break coincided with a 0.618 Fibonacci retracement break. The bottom of each phase is formed when the 1W MA50 gets tested on a Double Bottom, which we've had on March 11 2025, September 06 2024 and September 11 2023. Among those fractals, their 1D RSI patterns post identical sequences. As a result, once the price breaks above the 1D MA50, we can claim that the most optimal buy opportunity of the past 6 months will cease to exist and then you'll have to chase a rally all the way to at least a +97% rise (late 2023 rally, the late 2024 was even stronger at +106%). That gives us a minimum target estimate of $150000. Do you think that would be the case? Break above the 1D MA50 and off to the races with no looking back? Feel free to let us know in the comments section below!

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