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📊 $BTC Analysis: Re-Accumulation Scenario or Destruction Model?

I have prepared a comprehensive analysis focused on a re-accumulation scenario for Bitcoin.

Key points regarding potential price targets and market outlook:

1. Price Targets:

My conservative price targets range from $116k to $132k.

This outlook is notably conservative compared to some analysts who called for prices reaching $200k or even $500k.

2. Anticipated Correction:

Before discussing the possibility of prices exceeding $200k+ I expect to see a significant correction occur. This correction is likely to happen by May at the latest even sooner.

These price targets are based on the halving cycle and the historical rises of bull markets. It is important to note that this pattern may not necessarily continue in the future as it has in the past.

But sure based on historical data there is still a reasonable reason to believe that such extremely high price targets could be achieved! Of course this assumes that we need positive external factors as well - for example global economic dynamics and the money supply M2.

3. Bearish Scenario:

In this case we would have to assume that we formed a "UTAD" (Upthrust After Distribution) instead of a "JAC" (Jump Across the Creek).

In a destruction model one of the most concerning targets could be around $72k.

Both scenarios are currently still possible and it's essential to closely monitor how the price develops.

Should Bitcoin sustainably fall back into a range and show signs of weakness we must accept the possibility that this could be a distribution phase and that Bitcoin may have reversed its trend. 📉

However it is too early to make that determination. There is also the potential that we will see the first signs of strength in the coming days and into the new month of February which could lead to a rapid price increase and finally trigger our long awaited alt season!

#BTC Price Analysis#