Hello trader, What do you think about BTCUSD? Here on btcusd price has just made a support and have retested support around line 72079 so and is likely to move up and more buyers are pushing the price so go for LONG is expected with target profit of resistance level. Remember to like and share your thought on comment!
Hey, folks.
BTC is repeating a fantastic pattern. Just like last election period (2020), so again this election period (2024). Note the chart above...
Leading up to the last election, BTC went through the follow pattern:
left - large dip (blue), then returned to resistance line (yellow)
left - small dip (purple), then returned to resistance line (yellow)
left - break-out near election time.
So too again this election period:
right - large dip (blue), then returned to resistance line (yellow)
right - small dip (purple), then returned to resistance line (yellow)
right - break-out near election time.
The large dips weren't exactly on the 4-year cycle, but close.
However, by the time the election rolled around, the two cycles merge to a similar timeline.
The last break-out in 2020 happened around election time, when BTC completed a small dip and returned to the resistance line.
It looks like BTC is going to do that again this time in 2024, as it has just completed a small dip and returned to the resistence line.
Now... notice how high the last break-out in 2020 ran up to? It jumped from around $ 12K to around $ 64k... a gain of $ 52K, which is a rise of 433%.
If that were to happen again this time, BTC would climb as high as $ 373k. That's 433% higher than the $ 70k it is at now.
Even if it does only half that amount, say just 200% to be conservative... that would put the next BTC spike at around $ 210k.
We're all looking forward to the $ 100k celebration. But I'm thinking we should be looking even higher... at $ 200k during this next spike.
Every 4 years without fail so far. And that golden 4th year is 2025!
