Hello everyone,
How are you all? I hope everyone is fine and also aware about the new all time high news of bitcoin already.
It was not a big margin compared to the last high, only a few hundred dollars as of the time of writing this blog it was 109845 USD on Binance. There is a chart which I shared long back and I was all on it for the market prediction of bitcoin. You can see below the chart I am talking about.
The lower box was the accumulation zone where bitcoin consolidated for 8 months and then we have the upper box where it consolidated for 6 months and there you also witness a breakout at the downwards side which was because of the tariff war and other bad news going on after Trump was elected but we are already pass through that time.
Now this is just the beginning and we never know where we might see bitcoin going from here. The first consolidation was within the range of it's last all time high from previous cycle and that is why when it was broken we saw a massive pump of approx 35-40% in bitcoin but this time it is breaking the high for this cycle and that is why a similar behavior is not necessary.
Even a 15-20% of pump from here will take bitcoin to the range of 125-130K USD and that is somewhere the real new all time high should actually be found. Finger crossed, we are in the last bull run with this much maturity in the market and in the next four years everything will be changed and the market will get mature furhter.
So even a extra ordinary gain is possible but I am looking at that 15-20% range because we also have long positions opened near those numbers. Anyways, we will find out everything in coming days or weeks. Also for the Alt holders, I will say that your time is about to come so please don't give up if you have come this far.
Thank You