BTC Price Update and Chart Insights

Hey everyone, Hope you're all good. I'm back with some insights on the BTC price chart. First up, let's talk about the BTC Cycle Low Multiple Chart: Right now, we’re hanging around the same price levels as during Era 3 (the 2021 Cycle). It's looking solid, and I still think we'll hit $170k by October. Now onto the BTC Bull Flag 1D Timeframe: BTC has been pretty stable in its price range since March this year. Historically, Q4 is usually a stronger quarter for BTC gains, so I'm feeling optimistic about growth this year. And then there's the Bitcoin Halving Cycle Profit: This chart is pretty interesting on the weekly timeframe. We're just 147 days away from the Profit Start Zone, and there's a good chance we might see an ATH by November 2025. Let’s see where this goes, I’ll check in next month. Gonna kick off this monthly chart series.

This formation of the bull flag is very much underestimated by many market observers, I reckon. They appear to be predicting that this will be broken this month, however, they might have forgotten that this bull flag has also formed because the liquidity is also gone once it dumps to the bottom of this formation. The traders who short sell on the bottom will certainly be losing on those trades hehehehe. There is also the underestimated storyline of CZ's release from prison. I predict the pump will begin 1 week before CZ is released. Another positive storyline for bitcoin might be if Trump is victorious in the debate tomorrow against Kamala. If it increases his ratings in the polls and the surveys, this will certainly be good for the cryptospace.

Sounds logical and reasonable. Good news leads the market up a bit I hope that the growth, indeed, is at the doors, and it will be in no time. The thing we should continue doing is accumulation.

Chart Update - 24th Sept, 2024 Bitcoin is almost $10k up from my original post. Here are all the charts: BTC Cycle Low Multiple Chart: BTC Bull Flag - 1D Timeframe: Bitcoin Halving Cycle Profit: I will keep you all updated!