Bitcoin
Updated

BTC 4h may reach bottom between 2024-02-01 and 2024-02-11

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BTCUSD 4h chart may reach bottom between 2024-02-01 and 2024-02-11.

This analysis is based off of:
  • historical data;
  • trend analysis;
  • previous cycles near halving; &
  • laying multiple different analysis together to obtain confirmation of a best estimated time of for the bottom.



Note: This is subject to known unknowns; such as outside variables and black swan events (small or large) that may shift the market price of BTCUSD .
Note
This is an extremely weak support (at $36900) time-base calculation only (for 2024-02-11 specifically). However, I did some additional price analysis (aside from the time-based) and it seems that that $29000 to $29999 is also very possible (more support with a slightly longer timeline). It is worth pointing out that (general speaking) $30000 minus a 13.5% annual estimated high annual inflation number would result near a: $26431 zone. Also, for just a 13.5% annual high inflation example adjustment calculation:
$25950x1.135= $29453.25
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Stronger Support Lines:
snapshot
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enhanced (black & white) what a repeat of the 2020 Q1 crash may look like if in Q1 2024:
enhanced (black & white) what a repeat of the 2020 Q1 crash may
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Image for this Idea:
snapshot
Note
snapshot
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BTCUSD 1D $40156 to $43345 with a close eye on $36963
(click to play)
BTC 1D $40156 to $43345 with a close eye on $36963
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BTC 2h $40156 to $43345 with a close eye on $36963
(click to play)
BTC 2h $40156 to $43345 with a close eye on $36963
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3h snapshot
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DCA limit buy $39866.60 (target next 30 days)
$42166.60 and $41266.60 are close also.
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4h BTCUSD DCA entry $39866.60
(click to play)
4h BTC DCA entry $39866.60
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recent DCA peaks: 2023-12-08 ; 2024-01-01; 2024-01-08; 2024-01-30; & 2024-02-07
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The 8th (increase) to 12th (decrease) of 2024-01.
Now the 8th (increase) to 12th (decrease) of 2024-02 'may' repeat.
However, I expect that the 12th 'can' be the next bottom's end.
Note
1W BTC DCA Analysis with Price Labels:
Next Possible DCA Target: near 2024-02-12
(click to play)
1W BTC DCA Analysis with Price Labels
Note
$150000 to $250000 is still very possible for 2025

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