🚀 Bitcoin completed wave (4). Why and When New Highs Are Coming

Author

Markus Thielen
January 28, 2024

👇 1-10) Bitcoin rallied just shy of the 42,800 short-term resistance level, implied by the November to January trend channel. While the 43,000-44,000 area probably turns into a minor resistance area, we expect Bitcoin to pierce through and reclaim the 50,000+ level by the end of this quarter. Below, we explain why and when this might occur.

Subscribe to Market Updates to read the rest.

Become a paying subscriber of Market Updates to get access to this post and other subscriber-only content.

Already a paying subscriber? Sign In.

A subscription gets you:

  • • Receive 2-4 concise, informative Market Updates reports per week.
  • • We cover everything that impacts the price of Bitcoin and other major cryptos, from on-chain data to macro and market structure (funding rates, money flows, etc.). Our insights are trusted by some of the largest hedge funds and traders in the industry.
  • • You'll gain full access to our in-depth 'Market Update' analysis, informed by our experience at leading investment banks like Goldman Sachs, Morgan Stanley, and JP Morgan, as well as managing hedge fund capital at Millennium.
  • • We rigorously backtest our insights and are unafraid to call bullish or bearish market conditions. Our research is unique and grounded in solid financial analysis, offering perspectives you won't find anywhere else.