Worried
About When
To Sell Your
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin? Analyst Provides
SweetSpot – And
It s
Much Higher
Worried About When To Sell Your Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin? Analyst Provides Sweet
Spot – And It s Much Higher
by Scott Matherson
9 minutes ago
in Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin News
0
Using technical indicators like Fibonacci extensions and the Elliott Wave
Theory , a crypto analyst pinpoints an ideal “sweet spot” for selling Bitcoin
(BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin). According to the analysis, specific price zones have been identified as
target BTC sell areas that investors and traders could use to exit positions
strategically ahead of possible downtrend.
Analyst Sets $169,000 And $194,000 As BTC Sell Zones
In an X (formerly Twitter) post, crypto analyst Tony Severino revealed that
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin is currently in Wave 5, experiencing the final push of its bullish
Elliott Wave cycle. In previous cycles, the BTC price has consistently
terminated near the 1.618 Fibonacci extension of subwaves i through iii.
Related Reading: Analyst Reveals ‘Rock Solid’ Support For Dogecoin Price Amid
Market Crash
Severino’s Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin chart shows that its price action is segmented into five
distinctive waves• Физика » Теория колебаний » Фаза колебаний. Wave 1 represents the initial bullish movement, followed by
Wave 2, a corrective pullback. Wave 3 stands out as the most powerful and
extended wave, while Wave 4 introduces another corrective phase• Физика » Теория колебаний » Фаза колебаний. Finally, Wave
5, where BTC currently trades within, signals a possible final bullish push
upwards . Source: X
Each wave in the BTC chart has triggered a price increase to different levels,
whether to new highs or lows. For Wave 5, however, Severino has proposed an
ambitious price target that would act as an important sell zone for investors
and traders.
The analyst questioned whether BTC could repeat historical trends and
terminate again at the 1.618 Fibonacci extension of Waves• Физика » Теория колебаний » Фаза колебаний 1 through 3
combined. This points to a price range between $169,366 and $194,000.
According to Severino, these price levels, marked in the red zone on the
chart, are called a “sweet spot.” He identified these price areas as a
significant sell zone for Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin .
Currently, BTC is trading at $96,341, meaning Severino expects the leading
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта to surge 75.31% and 101.24% to reach the projected target range
between $169,000 and $194,000, respectively. The analyst asserts that his
bullish projections are reasonable price targets for Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin, underscoring his
confidence that the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта could hit these new ATHs .
For traders and investors, a sell zone is an ideal exit point to potentially
lock in profits and prevent financial loss before a trend reversal. Whether or
not Severino’s projected “sweet spot” holds, his analysis provides valuable
insights into Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s potential price movements and potential sell targets
for investors.
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Market Top Expected In 2025
Trader Tardigrade, a prominent crypto analyst, declared on X that the Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin
4-year cycle is still in play. The analyst warns that 2025 could still be a
pivotal year for Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin. He predicts that BTC will hit a market peak in 2025,
creating a prime opportunity for investors who missed its ATH in 2024 .
Related Reading: Dogecoin Sees Explosive 41% Increase In Large Transactions
Ahead Of Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum
However, investors who overlook this window of opportunity in 2025 may have to
wait until 2029, after the next halving event , for BTC s next market
peak. Sharing a price chart, Trader Tardigrade highlighted Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s price
performance during each four-year cycle. Source: X
The analyst noted that during each halving cycle from 2011 to 2023, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin
rose to a peak the following year after the halving event. If this historical
trend holds, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin could experience another final surge to new heights in
2025. BTC price moves toward $97,000 | Source: BTCUSD on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com
