Bitcoin Bull Run starting on Sep 2024! But Big correction coming
If we examine BTC's chart history, following its all-time high (ATH) in 2019, it took 81 weeks for Bitcoin to reach 13880 (0.618) Fibonacci.
Subsequently, there was a significant correction lasting until October 2020.
A similar pattern emerged after Bitcoin's ATH in November 2021, where it is currently in an upward trend.
In my analysis, there's a likelihood of another rejection from the (0.618) Fibonacci, between 44k -49k mirroring the previous trend. Anticipating a 66-week cycle, I predict a bull run commencing at the end of September 2024.
Subsequently, there was a significant correction lasting until October 2020.
A similar pattern emerged after Bitcoin's ATH in November 2021, where it is currently in an upward trend.
In my analysis, there's a likelihood of another rejection from the (0.618) Fibonacci, between 44k -49k mirroring the previous trend. Anticipating a 66-week cycle, I predict a bull run commencing at the end of September 2024.