Current Sentiment:
- Short-term: Bearish/Hold – A corrective phase is likely in the near term.
- Mid-term: Strong Bullish – Sustained impulsive growth anticipated.
- Long-term: Bullish/Hold – Positive outlook, but nearing the bull market peak.
Short-term Outlook:
We expect Bitcoin to enter a correction phase, targeting the $88,000–$85,000 zone. This pullback aligns with a healthy consolidation process, allowing for a reset of overbought conditions.
Despite this anticipated dip, it does not signal a shift in the broader bullish trend. Short-term corrections are essential for the market to build support before the next impulsive leg upward.
Mid-term Outlook:
Our mid-term perspective remains firmly bullish, driven by:
- Strong momentum: Bitcoin is still in a powerful impulsive wave.
- Market conditions: Increasing institutional participation and robust demand from retail investors support higher valuations.
We foresee Bitcoin reaching levels of $110,000–$130,000 in the coming months, likely materializing as we progress through Q1 2025.
Long-term Outlook:
While the long-term trend remains bullish, caution is advised as we approach what could be the bull market’s zenith. Historical cycles suggest that Bitcoin may face heightened volatility as it nears its top range.
Investors should prepare for:
- Potential profit-taking: As BTC climbs to unprecedented highs, selling pressure may increase.
- Post-peak retracement: A significant correction typically follows a bull market top.
Summary:
Although Bitcoin is poised for a short-term correction to the $88,000–$85,000 range, our mid-term bullish outlook suggests the potential for substantial upside, targeting $110,000–$130,000. Long-term, we remain optimistic but mindful of nearing the cycle top. Strategic positioning and vigilance in the coming months are key to navigating this market phase successfully.