The 427-Day Bitcoin Trend: What History Tells Us About the Next Move

in LeoFinance16 days ago


image using Ai.

This new year is already becoming so dramatic with all the things going on in the world and with the markets, I didn't expected it'll be like this


What I was expecting was that we'll see an altcoins season while bitcoin ranging around $100k till trump inauguration but what we've got instead is L.A burnt down, bad economic data, bitcoin outflows from BlackRock means they're selling

Saylor can't buy bitcoin because of blackout period and trump making crazy claims like "making Canada part of America and much more claims that isn't a good sign".

Bitcoin Monthly Candle is Scary

Just 10 days into 2025 and already suffered too much, thinking how I'll turn things around when it's becoming really tough and uncertain what future holds for me

The thing is people turned way too bearish and some of whales that have influence to move coins said "bull run top is in" and this might be it

I'm not panicking and buying that "bull cycle top crap" because there's no way I'll just give up on 10th day of this new year

1000026449.jpg

At this point this candle is "world is healing" but the moment bitcoin go down to $92k it screams "a nuke is coming"

And majority of people in crypto are convinced that cycle is topped and we'll see crash with rest of stock market

But I've Bull Run Hopium

I'm not ready to convince myself "it's over" and won't even consider any random person thoughts about the market ruin my plan

I drew this lines in 2023 and they're still looking good and telling me a whole new story in the chart

1000026451.jpg

It took 428days of accumulation before bitcoin started going higher back in 2021

Same thing happened in 2023, after 428days we've seen a increase in bitcoin value over 542% exactly in two years

Every third year of bull cycle is considered to be most bullish year for bitcoin and right now we're in that third year of bull cycle

And another good thing is today is day 427 of bitcoin uptrend with correction and continuous strength

Next thing is obviously breakout to the upside with the same kind of momentum we've seen in 2021

Hive next leg up will be solid?

Hive was one asset that should amazing strength throughout this whole altcoins slow death and is nowhere around its December 2024 lows

The bad news is it lost 4hr trend but on 1d chart it's still above EMA 13.

1000026453.jpg

I thought hive has already breakout and will continue it's pump towards 1 dollars

But turned out market has some other plans for us.

It's still not over for hive because tomorrow is Saturday and the Sunday is still ahead

From last couple of weeks hive shows up in top gainers on weekends like sat, Sunday before weekly close

And if it happened this time too than we're going to be at $1 real quick when whole market will move up again.

For now let it consolidate and continue it's uptrend, bid where it shows strength and sell where you see a big resistance and days like Monday, Tuesday on new week's candle.


Wrapping Up...

In the end my plan is still same won't panic and sell anything at loss. The worst it can get is something unexpected happen worldwide and markets crash

But the best it can happen ahead is super bull run after trump inauguration. So I'll expect for the best and prepare for the worse and let's see if this time I'll wake up and see hive in top gainers, there's high chances if market remains same like it is as of now.

There's someone buying bitcoin to save weekly closing and hope hive market maker will save this weekly close for us. Feel free to share what's your thoughts are on it in the comments. I'd love to know what you think will happen next?

Posted Using INLEO

Sort:  

Congratulations @idksamad78699! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

You distributed more than 81000 upvotes.
Your next target is to reach 82000 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

I am also like you and I am not ready to sell anything in loss because I know that I make investment in good project and today or tomorrow the price will rise up again.

so let's just hold and see what we'll get in future!

!PIZZA

PIZZA!

$PIZZA slices delivered:
(1/5) @idksamad78699 tipped @intishar