Bitcoin Global Analysis based on Ichimoku Cloud
The Ichimoku Cloud on the 1W Bitcoin chart shows that a breakout of the cloud top point at $52,800 will start the bull-run on Bitcoin to the top of the cycle. It happened in each previous cycle:
- Resistance breakout in Jan 2013 before rally from $13 to $1000
- Resistance breakout in Dec 2016 before rally from $800 to $20000
- Resistance break in Oct 2020 before rally from $11200 to $69000
But this is not the main there. The main thing is that a breakout of this point now would be almost an Entire Year EARLIER than usual! Normally, it shouldβve happened in November 2024, but we are there already now.
This is happening thanks to many bullish factors such as approved BTC ETF, but the fact is that this bullish cycle is developing much faster than the previous ones! Be ready to act properly.