Bitcoin Preparing for New Sell-off After Mid-February… 21 MAC/MARC Projects Sharp Plunge!

02/13/25 – “Bitcoin & Ether are reinforcing signs of topping after Bitcoin set its highest daily close on January 21st – 6 months/180 degrees from a previous high daily close (July 22nd) – but did not close above its mid-December (intraday) high, ushering in the potential for a larger-magnitude wave ‘5’ peak in late-2024.

It also fulfilled a ~43 – 46-week low-high-high-(high; Jan 3 – 24, ’25) Cycle Progression – reinforcing that conclusion.

Prior to that, Ether peaked in December after retesting its March ’24 (secondary) peak – while completing a ~3-year low (4Q ’18) – high (4Q ’21) – (high; 4Q 2024) Cycle Progression and signaling a multi-month (or longer) peak.  It has already plunged back to its 2024 lows and remains weak as cryptos confirm ongoing analysis for a drop in 1Q ‘25.

On a broader basis, Cryptos are steadily confirming ongoing analysis for a surge in 4Q 2024 followed by a downturn beginning in January 2025.  That was projected to spur an initial drop into the period of Feb 5 – 10th (fulfilled last week) and ultimately into early-March ’25.

At its peak, Bitcoin fulfilled all of what was expected from a wave ‘V’ rally – a culminating advance that originated at the wave ‘IV’ low in July/August ‘24 in precise sync with its ~10-month high-low-low-low-(low; July/Aug ’24) Cycle Progression.

That August ’24 low spurred a multi-month surge into Nov/Dec 2024 – the same time of year in which Bitcoin set major highs in 2017 & 2021 and intervening lows in 2018 & 2022.

An overlapping ~10.5-month/~43 – 46-week low-high-high-(high; Jan 3 – 24, ’25) Cycle Progression allowed for a final divergent spike high in January, which took place on January 20/21st.

In doing so, Bitcoin fulfilled another form of wave similarity – rallying for the same magnitude ($55,00 – $60,000/BT) as it did in March ‘20 – April ‘21 AND in Nov ‘22 – March ‘24.

The peak near 108,000/BT precisely matched the magnitude of its previous (‘22 – ‘24) advance… a trio of similar advances that increased the likelihood for a major peak. 

That crescendo was/is expected to time a major peak in cryptos and occurred precisely with a major bullish fundamental – the inauguration of President Trump.

Markets usually top on good news and bottom on bad news.

From the intraday peaks to last week’s intraday low, Bitcoin dropped ~15% in two weeks.  However, that is nothing compared to the losses in other cryptos as Ether, Litecoin & XRP plunged ~45% from their highs, Solana gave up over 40% and Dogecoin plummeted over 55%.

Those plunges reinforce that a 5th wave top is intact and a larger magnitude correction is underway, in sync with related analysis and cycles from 4Q 2024.  A daily 21 MAC/21MARC combo in Bitcoin points to February xx – xx as being the latest vulnerable time when another sharp sell-off is a higher likelihood.”

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Bitcoin is poised for a sharp, late-February plunge in sync with the daily 21 MAC/21 MARC indicators that pinpoint a very vulnerable period in the coming weeks.

Bitcoin dropped as other cryptos plummeted, further confirming Bitcoin’s December & January double peaks.  The January high was a textbook (weak) wave 5 of V top that was set in perfect sync with MAJOR upside price targets as well as annual cycles (in December ’24).  That projected/projects an overall decline into late-Feb/early-March ’25 as the first phase of a major shift.

Ether peaked in December ’24 and projected a sharp, multi-week drop to 2,200/ETH or lower… that should ultimately stretch into early-March ’25 (with an initial low forecast for early-February ’25).  It attacked that downside price target in early-February – when a 1 – 2 week low was most likely – so some consolidation is likely before a late-February sell-off.

On a broader basis, Bitcoin is capable of plunging back to 72,000 – 74,500/BT and stretching an overall multi-month decline into [see publications for details].

Multi-month cycles bottom in [reserved for subscribers].

 

What Does Bitcoin’s Wave 5 of V Peak Mean for 1Q 2025?

What Does Bitcoin’s Wave V Peak Mean for 2025?

How Would Late-February Sell-off Corroborate That?

   

Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.