Crypto analyst Astronomer believes that the next significant market peak for Bitcoin and Ethereum may occur in the second half of 2025. He supports his analysis with multiple data analyses and observes that traditional order flow and price action analysis are less effective on higher time frames. Astronomer identifies weekly cycle lows for Bitcoin using a combination of time, sentiment, and volume, and expects further upside before the next weekly low in late December. He warns traders not to lose sight of the broader picture due to short-term market movements. Astronomer also notes a similar cyclical pattern for Ethereum but sees its moves as more aggressive. He acknowledges the possibility of unforeseen events disrupting the market, such as a global crisis, but remains confident in his strategy. While one user asks if Bitcoin could reach $350k, Astronomer clarifies that he believes it's more likely to reach $150-200k. At the time of writing, Bitcoin is trading at $66,475.
- Content Editor ( newsbtc.com )
- 2024-10-23
Crypto Analyst Unveils The ‘True Time To Sell It All’: Here’s When