Bitcoin Topping as Ether Projects Plunge Below 2,200; 1Q ’25 Sell-offs Likely.

01/15/25 – “The Dollar Index… 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 and could peak at any time.  A peak in the current ~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 Jan. 13 – 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 January 13th, ’25 – when a multi-week low was a higher probability.

The Euro has initially fulfilled that but would not signal a 1 – 2 week bottom until a daily close above 1.0425/ECH…

The Yen gave an initial sign of a low with an outside-day/2 Close Reversal higher on January 10th.  It has since validated that reversal, projecting a quick surge to .6526 – .6542/JYH, where the three latest weekly LHRs converge.  The Yen would need to give a weekly close above that range to elevate this rally to a higher magnitude.

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 with Ether projecting a drop back toward ~2,200 that could last into early-March ‘25.”


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].

Ether has already peaked and is projecting a sharp, multi-week drop to 2,200/ETH or lower.

 

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

What Would a Bitcoin Wave V Peak Mean for 2025?

How are Other Cryptos Showing Relative Weakness?

   

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