Bitcoin & Dollar Peaking as Euro & Yen Bottom; 1Q ’25 $$$ & BTC Sell-offs Likely.
01/11/25 – “The Dollar Index remains bullish and is fulfilling the 2 – 3 month outlook for an overall rally into – and a multi-month top during – January ’25. This comes after it set a 3 – 6 month (or longer) low in late-September ’24 low – the latest phase of a ~3.25-year/~39 – 40 month cycle that has governed the Dollar Index for 3 – 4 decades.
The Dollar Index has initially fulfilled this upside potential but could wait until mid-January before setting a final peak. A peak in the coming ~week would complete back-to-back advances of equal duration (16 weeks each) while perpetuating an ~8-week cycle that has created a low-low-high-low-high Cycle Sequence and could/should create a successive high on January 10 – 17,’25.
The Euro is negative and is fulfilling the outlook for an overall decline into January ’25, when a multi-month low is most likely. A low at any time in this 2-month period would perpetuate a 28 – 29-month high-high-low-low-(low; Jan/Feb ’25) Cycle Progression.
Since mid-June, the Euro has also adhered to a ~5-week cycle – creating a ~5-week low-high-high-high-high-high Cycle Progression with the latest phase fulfilled at the Dec 6th peak. That has spurred a ~5-week decline into the current time frame (Jan 6 – 13, ’25) – when a multi-week low is a higher probability.
The Yen headed progressively lower during December and fulfilled the potential to spike down to its July 2024 low. It remains weak and would not show any signs of a multi-week low until a daily close above .6465/JYH.
Bitcoin & Ether… have initially sold off but need daily closes below their December ’24 lows to elevate these declines… Ultimately, Bitcoin could drop back to 72,000 – 74,500/BT.”
Bitcoin attacked $108,000/BT and fulfilled MAJOR upside price targets as well as annual cycles (that peaked in December ’24). Mid-January ’25 cycle highs are expected to spur an initial decline into early-February and a follow-up decline into early-March ’25 – capable of plunging back to 72,000 – 74,500/BT and stretching an overall multi-month decline into [see publications for details].
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Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.