Bitcoin & Ether Project Sharp Sell-offs… Ultimately into early-March ‘25.

01/29/25 – “Bitcoin & Ether are expanding their divergence with Ether setting its lowest daily close since early-November… even as Bitcoin vacillates near its record high.  It set its highest daily close exactly 6 months from a previous high daily close (July 22nd) and could have completed a ‘wave 5’ rally.  It would take a daily close below 98,000/BT to confirm.

Bitcoin has failed to close above its mid-December (intraday) high, ushering in the potential for a larger-magnitude peak.  If a multi-week peak is signaled, a drop into Feb [reserved for subscribers]… would initially be expected.”

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Bitcoin is confirming its December peak, setting a double top where it previously fulfilled MAJOR upside price targets as well as annual cycles (in December ’24).  This should spur an overall decline into early-March.

Ether is projecting a sharp, multi-week drop to 2,200/ETH or lower… stretching into early-March ’25 (with an initial low forecast for early-February ’25).  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].

 

What Does a Bitcoin Wave V Peak Mean for 1Q 2025?

What Does a Bitcoin Wave V Peak Mean for 2025?

Why are Other Cryptos Relatively Weak & Vulnerable?

   

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