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108 sats \ 3 replies \ @flat24 25 Jan \ on: Lowest btc price in USD, 2025? bitcoin
I think it is still early to try to find a prediction of how far we could go back until it continues its upward path... we must wait for the market ceiling to be formed, and from then on we could try to guess what the minimum price would be that we might see in 2025.
However, to get into the game, I think that between 60 and 70 could be a very valid option.
Do you generally think in terms of cycles, e.g., cycle high, then some pct of that for the low?
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Price is Fractal... I started studying this theory recently, a year or so ago. All of this led me to jump on the bandwagon at the break of 25k because there were signs of a reversal at that price level. And if I was right, those tests would lead me to understand that we would go to a new ATH without a doubt.
I was building my Stack as much as I could this last year, looking at how everything I studied was going on the chart, guided by the monthly and weekly time frame and the theory of fractality.
A fractal is made up of three parts
- 1st impulse
- pullback to a specific area.
- 2nd impulse or expansion.
Right now we are in the expansion of the last cycle, which once we find a ceiling, will become the new first impulse, to again see a setback (known as a bear market) to a specific area and reverse for the new second impulse or expansion that takes us above where this market ceiling is, that is, the next bull market.
š Don't trust, verify.