Bitcoin Completing Major Uptrend; Spike Up to 127,000/BT Likely Before 4Q 2025 ‘Shift’.
07-23-25 – “The Dollar Index dropped below near-term support and twice neutralized its new daily uptrend in the process. It is testing its declining daily 21 Low MAC (and weekly HLS) and would not turn the daily trend down until a daily close below 96.91/DXU.
As long as that does not occur, current action is being viewed as a ‘b’ or ‘2’ wave correction prior to a second advance. The daily 21 MAC will increase its potential to flatten and turn up on July 25th – as the inversely-correlated 21 MARC drops to current levels. August 10 – 12th is an important convergence of cycles and could time a future peak IF a reversal higher takes hold in the coming day(s).
On a broader basis, the Dollar Index continues to validate/reinforce the 2025 outlook for a sharp plunge from January ’25… If that low continues to hold, the Dollar Index could ultimately rebound to ~101.30/DXU (~102.00 basis cash Dollar Index) – the May 12th high (4th wave of lesser degree resistance).
The Euro did the inverse and rallied to its weekly LHR while twice neutralizing its new daily downtrend. It would not turn that daily trend up until a daily close above 1.1818/ECU. As long as that does NOT occur, the Euro is considered to be setting a secondary (lower) top and preparing for a second decline.
On a broader basis, price and wave analysis is increasing the potential that a multi-month top could have recently taken hold. The Euro could see a second decline into August 11 – 18th – when weekly (August 11 – 22, ’25) and daily cycles converge. ~1.1158/ECU is the May 12th low (4th wave of lesser degree support). That potential would be reinforced with a secondary high on July 24/25th…
Bitcoin & Ether rallied to new highs with Ether surging after turning its weekly trend up. Its most significant upside target – and 6 – 12 month resistance zone – is at 4,100 – 4,200/ETH. Bitcoin could spike up to ~127,000 – its yearly SPR, monthly LHR & prior month’s & current week’s HHR…“
Bitcoin is maintaining positive weekly & monthly trends and projecting an overall advance to 125 – 127,000/BTC, where a host of major & multi-year upside targets, wave objectives & intra-year extreme levels collide. July ’25 Cycle Progressions should time (initial?) high in Bitcoin & crypto stocks but price action is the key factor.
Will Bitcoin Reach 127,000 Before Major Top?
Could 2025 See Major Top in Bitcoin & Crypto Stocks?
Why is Seismic Shift Likely in 4Q 2025?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.