Crypto Analyst Unveils The ‘True Time To Sell It All’: Here’s When
23 Outubro 2024 - 2:00PM
NEWSBTC
In an analysis shared on X, crypto analyst Astronomer
(@astronomer_zero) has provided an in-depth macro outlook on
Bitcoin (BTC) and Ethereum (ETH), suggesting that the next
significant market peak—and potentially the ideal time to “sell it
all”—may occur in the second half of 2025. “Another month and a
half has passed, and the full macro breakout thesis is really
pushing many eyes onto the crypto charts now,” Astronomer states.
Reflecting on his earlier predictions, he notes, “Last time we
posted our plan of a Q4 upside breakout, BTC was at $58k and ETH
was at $2.3k.” Since then, Bitcoin has risen by 20% and Ethereum by
13%, moves that occurred “against all the low timeframe technical
analysis users’ belief, before the full breakout even happened.”
When Will This Crypto Bull Run End? Astronomer emphasizes that
traditional order flow and price action analysis are less effective
on higher time frames, leading him to seek “edge elsewhere” through
multiple data analyses. “We had our thesis in place, with multiple
data analyses supporting not only that the low is in, but also that
we likely would see a high timeframe breakout,” he explains.
Related Reading: Top Crypto Analyst Unveils Strategy To ‘Make
Millions’ By March 2025 Delving into Bitcoin’s macro perspective,
Astronomer uses a combination of time, sentiment, and volume to
identify weekly cycle lows. “The Middle East capitulation event
[Israel-Iran tensions] clearly formed that, timed well 28 weeks
after the previous weekly cycle low,” he observes. With the next
weekly low not expected until late December, he sees “still room
for upside” and anticipates that “price [will] accelerate here.”
Addressing market psychology, he cautions, “The market always finds
a way to escape on the low timeframes as most traders (‘investors’)
find themselves trapped into short term memory fallacy and simply
forget the high timeframe picture.” Astronomer remains confident in
his projection, stating, “Overall peak is still expected in the
second half of 2025, where I think the true time to ‘sell it all’
may occur.” For Ethereum, Astronomer notes a similar but compressed
cyclical pattern compared to Bitcoin. “ETH typically drops later
near the 4-year cycle peaks (2014, 2018, 2022) and has its surge
also later in the 4-year cycle (2016, 2020), making its moves seem
more aggressive,” he explained. Related Reading: Crypto Craze:
Investor Nets A 3,360% Gain, Turning $86,000 Into $3.75 Million He
also addresses the current sentiment towards Ethereum and other
layer-1 protocols: “It’s clear by now that ‘useful’ coins are
deemed ‘useless’, typical things called for when price doesn’t
move. Yet anyone who even remotely used ETH knows what it can do.”
Astronomer attributes the stagnation in utility growth to cyclical
and sentimental factors, noting, “We’ve seen massive hype around it
in 2021 and that simply hasn’t been digested yet.” While
maintaining a bullish outlook, Astronomer acknowledges the
possibility of unforeseen events that could disrupt the market.
“Despite all the data, there still always is a small chance I’m
wrong,” he admitted. Citing potential global crises like “World War
3 (WW3)” or “the end of a nation,” he warns that such events “can
always pull down the market significantly,” potentially causing
Bitcoin to drop “back below $50k.” However, he remains steadfast in
his strategy: “Cycles are powerful in nature, and we’ve shown why
those events shouldn’t faze you. I will indeed hold on in that
case, hedged with large shorts well timed and just continue to ride
out the cycle as I do think price will recover from there.”
Overall, the analyst cautions traders against losing sight of the
broader picture due to short-term market movements: “You’ll start
to question why… But so far, so good.” When asked by a user, “Wow!
You think BTC could hit $350k? That’s incredible!”, Astronomer
clarified his position: “I don’t think so. Optical illusion on the
chart. It’s more $150-200k I think we can reach.” At press time,
BTC traded at $66,475. Featured image created with DALL.E, chart
from TradingView.com
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