The Bitcoin Bottom + Midterm Election Cycle
I will be making a video on this tomorrow, but there are 3 Scenarios for BTC in my estimation. Utilizing a 3 Day chart, we zoom out to examine the trading range. The charts are not drawn to scale of price and time, and this is not Elliot Wave, but rather the Wave Movements I expect of Price.
Scenario A is the most bullish, BTC has bottomed and we will exit the trading range and continue on a Bull Run. Open to this, I do not think it has the highest probability.
Scenario B and C I believe are the two most likely Scenarios.
In Scenario B, BTC holds a higher low with the market correction, retesting the 57k to 65k zone, forms it's W and then we have the breakout.
In Scenario C, the market tops, corrects, and BTC does a Final Flush, possibly to a key psychological level, $50k, the same level we flushed out to in Aug 2024 - this would be a False Break pattern, and BTC would then go onto rise.
The reason I believe B or C are more likely is where we are in the Market Cycle. Midterm Election years, the market tops in front of the midterm, September is normally the weakest month, and then it corrects. It is that bottom off the correction that starts the most bullish part of the 4yr cycle. November to the Summer (SPX +20%, NDX +30%, BTC will 2 or 3x those gains).