Crypto Plunge Poised to Accelerate into Early-March Cycle Lows.
02/22/25 – “The Dollar Index likely set a secondary top after surging to its weekly LHR (weekly extreme upside target at 109.78/DXH) and monthly SPR (109.83/DXH) to begin the month and reversing lower. It already fulfilled the 3 – 6 month outlook for a multi-month (6 – 12 month) low in late-Sept/ early-Oct ‘24 followed by a rally into mid-January 2025… ushering in a pivotal reversal period.
The Dollar Index just closed below its rising weekly 21 High MAC but still needs a weekly close below 106.44/DXH to turn its weekly trend down and confirm that a multi-month top is in place. (That could also usher in an initial multi-week low soon after… and a reactive 1 – 3 week bounce before a larger decline.)…
The Euro is the inverse and needs a weekly close above 1.0557/ECH to turn the weekly trend up and project an overall advance into April ’25 – the next phase of a ~34-week high-high-high-(high) Cycle Progression and a .618 rally in time…
Bitcoin & Ether are reinforcing signs of multi-month tops after setting divergent highs while Bitcoin fulfilled a ~43 – 46-week low-high-high-(high; Jan 3 – 24, ’25) Cycle Progression and a more precise 24 trading day low-low-low-high-high-high-(
Ether preceded that top and many cryptos have lost 40 – 55% from their recent peaks. A drop into early-March remains the primary objective for this decline and would perpetuate a 47 – 48-day low-low-low-(low) Cycle Progression.”
Bitcoin is poised for a sharp, late-February plunge in sync with the daily 21 MAC/21 MARC indicators that pinpoint a very vulnerable period in the coming week(s). Bitcoin’s January high was a textbook multi-month peak, set in perfect sync with MAJOR upside price targets. That projected/projects an overall decline into late-Feb/early-March ’25 as the first phase of a major shift.
Ether (and other cryptos) peaked in December ’24 and projected a sharp, multi-week drop to 2,200/ETH or lower… that should ultimately stretch into early-March ’25 (with an initial low forecast for early-February ’25). It attacked that downside price target in early-February – when a 1 – 2 week low was most likely – so some consolidation was expected before a late-February sell-off. That should take it to lower lows.
On a broader basis, Bitcoin is capable of plunging back to 72,000 – 74,500/BT and stretching an overall multi-month decline into 2Q ‘25. That could coincide with ongoing projections for equity markets to plunge into late-March/early-April ’25 – when a multi-month bottom is most likely. The extent of crypto’s projected plunge should have a powerful impact on future cycle highs – in July & Nov/Dec ’25.
Bitcoin’s multi-month cycles bottom in March ’25 and then peak again in late-July ’25 – the next phase of its uncanny 16-month Cycle Progression that has been repeatedly highlighted over the past couple years. See the November ’24 issue of The Bridge for additional analysis and illustrations of this 16-month cycle and its focus on July 2025…
The Bridge – “Currency War: Rock, Paper, Scissors II”
How Far Could Cryptos Sink into March/April ’25 Cycle Lows?
How High Could They Subsequently Climb into July ’25 Cycle High?
What is Current Action Revealing for late-2025/early-2026?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.