|
|
Created on: 5/18/2024 5:45:17 PM Last Update: 5/18/2024 6:20:07 PM Posted by: RTT
1 POST
Bitcoin 2025 price targets
|
Let's review where Bitcoin can reach during this Wyckoff markup phase into 2024/25.
Historically, $BTC moves to the upper blue line moving average bands (as before, like A and B). This would be a target range of $188,000 USD to $350,000 USD. However, in 2021 (C) price stumbled and failed to mirror prior price achievements.
Chart 1 - Upper band target for BTC
Click for popup. Clear your browser cache if image is not showing.
Several things happened in 2021 that can be blamed for the $BTC underachieving :
1) China banned crypto (for x number of times).
2) President Trump called $BTC a scam (see video below). Also, during Trump's presidential term, Fed Chair Powell met with Coinbase CEO Brian Armstrong in May (via the Powell calendar notes), and shortly after this meeting, $BTC price smashed 30% lower. Therefore, one can assume large sell orders hit the market after Fed Chairman Powell's meeting with Coinbase, on the back of President Trump's blessing.
President Trump back in 2021 (video CNBC):
Now things have changed in 2024, both Biden and Trump camps realise that BTC capital gains help keep the US government afloat. Trump is now a fan! So maybe we can expect a target similar to A and B (Chart 1) as prior performances of $BTC markup rallies.
Chart 2 - Wyckoff Cause and Effect at work in BTC price action.
Click for popup. Clear your browser cache if image is not showing.
The coming US dollar liquidity wave is now arriving in the markets for the 2024 election year.
1) China is now supporting its housing market. 2) BOJ is now supporting the Yen. 3) Yellen has a full TGA account to buy US Treasuries bonds. 4) Yellen has engineered bank balance sheets to buy more US Treasuries bonds. 5) The FED is slowing moving policy to defend growth first, rather than fighting inflation first. 6) US economic funding via fiscal means is exploding (deficits are not shrinking).
So, why wouldn't BTC print a price over $350,000 USD ?
Lets watch!
NOTE: Posts here are the lite version, more depth on each subject can be found via our RTT Plus membership.
Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to ride the change, after all these methods have been used successfully for 70+ years.
This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.
Support this work by buying us a hot drink by CLICKING HERE. If you would like make greater contribution, please make a donation by CLICKING HERE
NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net
Investing Quote...
..."Mathematics is the only exact science. All power under heaven and on earth is given to the man who masters the simple science of mathematics."...
William D Gann
..“Because of the extreme challenge, one must commit full attention to it.” Market speculation is “no different than trying to be a successful doctor or lawyer … you simply must devote yourself full-time to the study of your craft”...
Bernard Baruch
.."If you tell the truth, you don't have to remember anything."...
Mark Twain
.."I never found beauty in the longing for the impossible and never found the possible to be beyond my reach"...
Ayn Rand
.."Earnings don’t move the overall market; it’s the Federal Reserve Board… focus on the central banks and focus on the movement of liquidity… most people in the market are looking for earnings and conventional measures. It’s liquidity that moves markets"...
Stan Druckenmiller
|
|
|
We at readtheticker.com hold the view that a mix of stock chart technical analysis, Richard Wyckoff, William Gann and Jim Hurst methods plus market fundamentals allows the investor to formulate a very sound market opinion. These attributes are mutually inclusive and must be weighted equally before investing or trading in any Stock, ETF, Currency, Bond, Commodity, CFD or Mutual Fund
|
|
| Pages |
| | 1. Blog Performance Review |
| | 2. List of the best blog posts |
| MostRecent |
| | China M1 is key to watch. |
| | US Debt to GDP issue, what is next? |
| | Market Money Sugar |
| | The uninformed are crushed by money supply growth |
| | US Election Year Cash Bazooka |
| Ney(1) |
| | US Dollar with Ney and Gann Angles |
| Crypto Currency(30) |
| Central Banks(18) |
| Crisis Watch(9) |
| Wyckoff(4) |
| Cycles(5) |
| Gann(13) |
| Chart Review(17) |
| Browsing(120) |
| RTT TV(15) |
| Sector Watch(30) |
| RTT Tools(43) |
| Wyckoff 2.0(42) |
| Mystery Trader(6) |
| | Elliot Wave within Wyckoff Logic |
| Market Strategy(73) |
| Cycle Review(75) |
| Swing Trade Idea(48) |
| Market Calls(23) |
| Investors(105) |
| | Hidden Pivot Point and Wyckoff logic |
| News(7) |
| Bonds(20) |
| Metals and Forex(165) |
| Gann Wyckoff Hurst(119) |
| Wall Street(25) |
| Ticker Review(35) |
| Uncategorized(2) |
| | Bitcoin Chart Review |
| Market Review(96) |
| Jokes(28) |
| Economic(99) |
| | China M1 is key to watch. |
| | US Debt to GDP issue, what is next? |
| | The uninformed are crushed by money supply growth |
| | US Election Year Cash Bazooka |
| | 2024 soft landing working it |
| | US GDP recovery |
| | US tax receipts hurting the dollar |
| | Stagflation now, as deflation risks grow |
| | Love of property investment will die |
| | Money supply crash will force a sharp FED reaction |
| | Powell has a debt problem |
| | Powell doing a Volker to crush inflation, yeah right! |
| | Bubble Watch - Maybe it only just started, Dow 50000 - Update 1 (RTT Plus) |
| | Bubble Watch - Maybe it only just started, Dow 50000 (RTT Plus) |
| | US is bound by these economic rules (RTT Plus) |
| | Dow Jones Utility index could trade like the FANGs |
| | Funds are getting ready to move out of USA |
| | US Economic Review 2019Q4 |
| | Bond Market, Houston we have a problem! |
| 202410(1) |
| | China M1 is key to watch. |
| 202409(1) |
| | US Debt to GDP issue, what is next? |
| 202408(1) |
| | Market Money Sugar |
| 202407(1) |
| | The uninformed are crushed by money supply growth |
| 202406(1) |
| | US Election Year Cash Bazooka |
| 202405(1) |
| | Bitcoin 2025 price targets |
| 202404(1) |
| | Fed panic signal to watch for |
| 202403(1) |
| | Gold stocks ready to move |
| 202402(1) |
| | Long term bond games will send investors into gold |
| 202401(2) |
| 202312(1) |
| | Stock market cycle look into 2024 |
| 202311(1) |
| | Ethereum runs hot on new market liquidity |
| 202310(2) |
| 202309(3) |
| 202308(3) |
| 202307(2) |
| 202306(3) |
| 202305(3) |
| 202304(4) |
| 202303(2) |
| 202302(4) |
| 202301(3) |
| 202212(4) |
| 202211(3) |
| 202210(5) |
| 202209(3) |
| 202208(4) |
| 202207(4) |
| 202206(3) |
| 202205(5) |
| 202204(3) |
| 202203(3) |
| 202202(2) |
| 202201(4) |
| 202112(5) |
| 202111(4) |
| 202110(3) |
| 202109(5) |
| 202108(5) |
| 202107(8) |
| 202106(9) |
| 202105(7) |
| 202104(4) |
| 202103(7) |
| 202102(6) |
| 202101(8) |
| 202012(3) |
| 202011(5) |
| 202010(3) |
| 202009(4) |
| 202008(4) |
| 202007(4) |
| 202006(3) |
| 202005(5) |
| 202004(4) |
| 202003(10) |
| 202002(5) |
| 202001(5) |
| 201912(5) |
| 201911(5) |
| 201910(7) |
| 201909(5) |
| 201908(4) |
| 201907(5) |
| 201906(5) |
| 201905(7) |
| 201904(5) |
| 201903(8) |
| 201902(5) |
| 201901(6) |
| 201812(4) |
| 201811(5) |
| 201810(7) |
| 201809(4) |
| 201808(6) |
| | Dow: How much higher? |
| | Golds Wyckoff Price Road Map |
RSS
Atom
Email Delivery
Blog Links
Symbols used in blog
AAPL AMZN AORD AUY BB BTC COP DJI DOW DXY ETH EUR FB FXE FXY GDX GDXJ GLD GOOG HL HMY HUI INDU JJC LTC MCD NCM NEM NFLX OIL PALL QQQ RGLD SLV SPY SSRM TLT TNX TRAN TYX UTIL VIX XAU XLE XLU
|