🟧#BITCOIN | WEEKLY RSI BREAKOUT 🚨
The last time this happened, we went up by +170%.
$100K is closer than you think. 📊🚨✅
TUESDAY 11:00 🇩🇪 Germany ZEW Economic Sentiment (Sep) 11:00 🇪🇺 Eurozone ZEW Economic Sentiment (Sep) 14:30 🇨🇦 Canada CPI (Aug) 14:30 🇺🇲 U.S. Retail Sales (Aug) 15:15 🇺🇲 U.S. Industrial Production (Aug) 16:00 🇺🇲 U.S. Business Inventories (Jul) 16:00 🇺🇲 NAHB Housing Market Index (Sep) 19:00 🇺🇲 20-Year Bond Auction
WEDNESDAY 08:00 🇬🇧 UK CPI (Aug) 08:00 🇬🇧 UK PPI (Aug) 13:00 🇺🇲 MBA Mortgage Applications 14:30 🇺🇲 U.S. Building Permits (Aug) 14:30 🇺🇲 U.S. Housing Starts (Aug) 20:00 🇺🇲 FED INTEREST RATE DECISION ⚠️🖨💵
THURSDAY 13:00 🇬🇧 BOE INTEREST RATE DECISION ⚠️ 14:30 🇺🇲 Initial Jobless Claims 14:30 🇺🇲 Philly Fed Manufacturing Index (Sep) 16:00 🇺🇲 U.S. Existing Home Sales (Aug) 16:00 🇺🇲 U.S. CB Leading Index (Aug) 22:30 🇺🇲 Fed Balance Sheet
FRIDAY 01:01 🇬🇧 GfK Consumer Confidence (Sep) 01:30 🇯🇵 Japan CPI (Aug) 06:00 🇯🇵 BOJ INTEREST RATE DECISION ⚠️ 08:00 🇬🇧 UK Retail Sales (Aug) 14:30 🇨🇦 Canada Retail Sales (Jul)
After 6 months of sideways price action, it's hard to imagine #Bitcoin just going up let alone surpassing 100k.
But following previous cycles, that might be just what we can expect later this year.
The mid-top in 2024 was a far reach, being that price needed to make new all time highs a year earlier than cycles anticipated.
But we did it.
Price is now bouncing a second time from the Weekly Gaussian Support which is retested after every mid-top.
Bitcoin has been very consistent on when it touches the green 350 DMA*2 for the second time in a cycle, December - January of Red Year.
The Moving average is currently at $107,558.
In other words, the Pi Cycle Top 350 DMA*2 says $107,558 or higher by December 2024 - January 2025.
Every time the monthly funding rates went negative:
-corona crash bottom -oct 2020, right before the biggest streak of massively green 3D candles since 2011 -bottom of the massive china mining capitulation/ban -actual picobottom of the past bearmarket cycle, right after FTX -now
Hey $XBG Xborg community. 👨💻 What’s your price prediction for $XBG end of the year ?