Bitcoin  & Macro Market Analysis - November 11th

This is my $BTC Market Prediction as of Oct 18th, 2024.

As I explained to you in the previous slide, in Head & Shoulder Bottom Patterns, as I marked in the red circle, this is a typical neckline test of Head & Shoulder Bottom Patterns.

This price level is almost as same as CME gap price, $76,506. Thus, this neckline test move also works to fill the gap.

But, Head & Shoulder Bottom Patterns sometimes ignores this neckline test, and the price keeps uptrend.

I think $BTC will hit $100,000 from January to February.

This might happen earlier if we have very big positive news until then such as Trump takes some very positive action for crypto, etc.

The price move after hitting $100,000 is a key for #2.

Thus, all in all, if we cannot confirm #1 scenario this week or next week, I move to #2 scenario.

For more detail:
https://orblabs.ventures/104238/

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