Bitcoin “Cheat Sheet” Calls For Next Leg Up To $77K

Tony "The Bull" Severino

1 year ago

3 mins read

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Bitcoin price is taking its time consolidating around $50,000 but could be preparing for the next major leg up to around $77,000 per coin, according to what one trader calls a “cheat sheet” to the current crypto market bull run.

The “cheat sheet” is a fractal from the past that is playing out once again in Bitcoin markets almost perfectly. If the fractal continues, here’s how far it could take the price per BTC before the peak is in.

Bitcoin Trader Cheat Sheet Hints At Next Leg Up To Around $77K Per BTC

Bitcoin is making another attempt at holding above $50,000 and is struggling so far. If and when the cryptocurrency does manage to reclaim the key phycological level, it could give bulls the confidence to push to another range higher.

Related Reading | Why March Is The Bloodiest Month In Bitcoin History

If and when it does, the next stop could be $77,000 per coin, according to what one pseudonymous trader calls a “cheat sheet” for the crypto market over the last several months.

A chart shared by the trader shows just how accurately the recent bull market has traced alongside the price action in the fractal from previous cycles.

Bitcoin has been tracing along this fractal, albeit with less volatility | Source: BTCUSD on TradingView.com

When the current range is eventually left, a large spike to $77,000 is next, followed by a much steeper correction says the fractal. But what comes after that, if you can avoid being shaken out in the expected volatility, could be the most powerful bullish impulse ever.

Could This Fractal Hold The Code To Predicting The Next Crypto Market Peak?

Not every trader puts much weight in fractals, but the cheat sheet above is too accurate to ignore. While this time could certainly be different, if the same path is followed, the price per Bitcoin will shoot to $100,000, then almost immediately to more than $200,000 per coin.

The same cheat sheet from past cycles says Bitcoin will explode to $200K fast | Source: BTCUSD on TradingView.com

The enormous impulse from $100,000 to $200,00 takes a matter of weeks, if days, to occur, mimicking the run from $10,000 to $20,000 in 2017 – a month before the top was in and the cryptocurrency began its first real correction in more than a year of uptrend.

What comes next, according to the fractal cheat sheet, is the peak of the current bull market, and another extended bear market for the market to cycle through once again.

Could this cryptocurrency bull market cheat sheet really be this accurate? And if so, could it indicate an explosive move towards the peak from here?

Featured image from Deposit Photos, Charts from TradingView.com

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

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