Bitcoin Macro Outlook
Bitcoin is expected to consolidate until the end of January/February, then encounter resistance at the 50-week exponential moving average (EMA)( and continue into a full bear market phase.
Based on historical structure and macro environment analysis, the cycle bottom is expected to occur between September and October, with a target price range of $48,000 to $55,000.
Unless Bitcoin can regain stability above the 50-week EMA, any rallies remain technical corrections, and downward risk remains dominant.
Bitcoin is expected to consolidate until the end of January/February, then encounter resistance at the 50-week exponential moving average (EMA)( and continue into a full bear market phase.
Based on historical structure and macro environment analysis, the cycle bottom is expected to occur between September and October, with a target price range of $48,000 to $55,000.
Unless Bitcoin can regain stability above the 50-week EMA, any rallies remain technical corrections, and downward risk remains dominant.
BTC-1.36%
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