LogicallyMinded's avatar
LogicallyMinded 7 months ago
Here is an update on the #Bitcoin price forecast: As it stands, I think we are more likely than not to see an atypical extended cycle in time that could top around early 2027 (which is the path 3 in the previous note). Updated paths: Path 1: 45% probability. #BTC breaks out without any substantial pull back from the current levels. The top could be reach at around 240K early in 2027. Path 2: 25% probability. Pretty much the same as path 1 but with a retracement of the current move up (we shouldn’t revisit the last low though) before the break out. Path 3: 20% probability. There is still a possibility that this market cycle has completed and that we take out the recent low with more downward chop to follow. #Trading #Tradestr image View quoted note →

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LogicallyMinded's avatar
LogicallyMinded 7 months ago
I will make a major update to these probabilities soon. I think the chances that we have topped are substantially higher than 20%.