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#BTC - Why #Bears Have Inverted Brain:
We're currently moving within a broadening wedge pattern, and a breakout is on the horizon. Just like the other 3 times. What’s so hard to understand about that?
My target for this cycle has been $175K, but reaching $200K wouldn’t be a problem either. Historically during this cycle, we’ve seen average price increases of around 95% from descending broadening wedge , but I'm taking a more cautious approach this time, aiming for a 60% increase like we saw in October 2024. After we reach the top of this cycle, We shall fall into a bear market. What is so difficult in it.
Major Extension of this cycle:
I don't buy into the theory that this cycle will last 6 to 9 months more, as suggested by @RaoulGMI. In the last cycle, he caused more losses than any bears with his predictions of a final parabolic rise that never happened. Now, he’s promoting the idea of an extended cycle, which I’m skeptical about.
It’s possible that he’s part of the MATRIX that encourages retail investors to keep holding.
I totally agree that he’s brilliant when it comes to Macro trends, but he hasn't been reliable in predicting market tops and bottoms.