Bitcoin ETF Decision Could Time Final Spike High (Watch ~48,000/BT Extreme Target).
01/06/24 – “The Dollar Index surged after setting its lowest daily close (since early-August) on December 27th & intraday low on December 28th, fulfilling the latest phase of its ~4-week cycle…
Bitcoin & Ether fulfilled projections for rallies into December 2023, the perpetuation of an ~8.5 – 9-month/36 – 38-week high-high-high-(high) Cycle Progression. Coinciding with that, Bitcoin attacked its multi-month upside target – at ~45,000/BT while Ether tested & held its upside target at ~2,450/ETH… The coming week could provide a ‘sell the fact’ reaction linked to ETF filings.”
Bitcoin & Ether have fulfilled analysis for major advances from their Nov ’22 lows (projected multi-year lows) into late-2023/early-2024. Bitcoin’s September buy signals projected a 1 – 2 month surge to ~35,000 (already fulfilled) and a larger 3 – 6 month advance to ~45,000+/BT (recently fulfilled), potentially spiking up to ~48,000/BT. Intermediate Dollar cycles bottomed on December 27/28th and could apply negative pressure to cryptos after a rebound is confirmed.
Since July, cryptos have been expected to work higher into (at least) December ’23 as the Dollar declines. That could be culminating at this time. Gold analysis corroborates with Gold surging to its multi-month upside target (~2152/GCG) and peaking during December 4th cycle peak – ushering in another multi-month consolidation phase.
Did Dollar Set Decisive Low in Late-December ‘23?
Are Bitcoin & Ether Poised for ‘Sell the Fact’ Correction?
How Low Could Cryptos Correct… and the Dollar Rally… in January ‘24??
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