The next leg up has begun

in #bitcoin2 months ago

We thought this might be it, now it looks like it is

With the pullback lasting some 6 months, the technicals all reseting, the price making a higher low and the FED starting a rate cutting cycle all pointed towards the bottom being in for bitcoin.

The price action today likely confirmed that it is.

We broke above some moving averages and now it looks like the march has begun.

image.png

(Source: https://x.com/StockmoneyL/status/1836835839340597600/photo/1)

This cycle may peak roughly one year from now so it won't go straight up but it should go a lot higher than this.

I was thinking $120k minimum this cycle, but others are thinking $200k or even $300k.

We shall see.