Cryptos Plunge into early-Feb Cycle Low… Lower Lows Likely (in late-Feb/early-March.
02/08/25 – “Cryptos are fulfilling projections for sharp declines into early-February… Bitcoin & Ether are reinforcing signs of topping after Bitcoin set its highest daily close on Jan 21st – 6 months/180 degrees from a previous high daily close, reinforcing the potential for a larger-magnitude wave ‘5’ peak while fulfilling a ~10.5-month/~43 – 46-week low-high-high-(high; Jan 3 – 24, ’25) Cycle Progression.
Meanwhile, Ether peaked in Dec after retesting its March ’24 (secondary) peak – while completing a ~3-year low (4Q ’18) – high (4Q ’21) – (high; 4Q 2024) Cycle Progression and already plunged back to its 2024 lows and remains weak as cryptos confirm ongoing analysis for a surge in 4Q 2024 followed by a drop in 1Q ‘25.”
Bitcoin is dropping as other cryptos plummet, further confirming Bitcoin’s December & January double peaks. The January high was a textbook (weak) wave 5 of V top that was set in perfect sync with MAJOR upside price targets as well as annual cycles (in December ’24). This projected/projects an overall decline into early-March ’25 as the first phase of a major shift.
Ether 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 just attacked that downside target, during the time when a 1 – 2 week low is most likely, so some consolidation is likely before a late-February sell-off.
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]. Multi-month cycles bottom in [reserved for subscribers].
What Does Bitcoin’s Wave 5 of V Peak Mean for 1Q 2025?
What Does Bitcoin’s Wave V Peak Mean for 2025?
Why are Other Cryptos So Much Weaker… & What Does That Portend?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.