Monthly Chart ready to rock and roll
Bitcoin is breaking out
The monthly chart looks like it is ready for a 6 month long bull market.
When I say 6 month long I mean 6 green candles in a row.
That is what tends to happen when we really trend.
We have had 3 months so far, so another 3 more months to go!
(Source: https://x.com/bulltrades24/status/1854963103920013685/photo/1)
If this is indeed the case we could be looking at a short term top around Feb or March of next year.
Will that be the top this cycle or just the breather before more to come?
I don't think we peak for a while this cycle with Trump in office.
I completely agree with you; the momentum we're seeing now is very similar to previous bull cycles. If this pattern holds, BTC could potentially exceed $100,000 during this run, considering past bull markets where we’ve seen Bitcoin multiply several times over its lows. With Trump in office and increasing institutional interest, I think we might see even more extended gains. February or March could be a strong short-term peak, but I wouldn’t be surprised if we’re still climbing from there, with any pauses likely to be just brief breathers. Exciting times ahead!