Here is PART 2 of my #BTC Price Target Series. This is my #BULL CASE price target for this #bullmarket. My targets are time based and condition based, while blending multiple forms of analysis. All opinions are my own, I am not factoring in other people’s price targets.

Disclosure: this is my opinion. This is not financial advice, DYOR. With that said, let’s jump in.
In order for #BTC to enter my #BULL CASE, we need to avoid seeing large selling pressure from long term holders, large miners, and entities holding illiquid supply especially if price is testing 100k. Low signs of selling pressure form these entities at 100k and ideal technical..
conditions signal tremendous upside potential for #BTC.
This also factors in a massive wave of capital entering the market with the supply shock continuing.
Given #BTC bull market peaks have occurred in Q4 the year after the halving, I am using December 2021 as the time frame for a potential peak. I am also consider the possibility of the #bullmarket extending into Q1 or Q2 2022, which actually increases the price target.
My #BULL CASE price target for December 2021 is $178,000. If achieved in earlier in December, $172k. If achieved later in December, $182k.
If the #bullmarket extends into early 2022, my #BTC price target increases to $191,000 going up to $204,000
These are all the most confluent technical targets to the upside I charted out. The probability of a blow off top will increase when we see major onchain #sell signals and technical sell signals flashing.
My #BULL CASE price targets give #BTC a market value of $3.6 to $4.28 trillion, which I think is possible if we see a large wave of capital enter the market with #BTC deep in supply shock.
I think this scenario is the most likely to occur during this #bull market. Its about a 4x from current levels, and the targets can be achieved especially with a major supply shock in the #market.
Let’s see where #BTC will peak during the #bull market.
Stay tuned for my VERY BULLISH Case for #BTC.
If you enjoy my analysis, make sure to give me a follow for more updates!

• • •

Missing some Tweet in this thread? You can try to force a refresh

Keep Current with Daniel Joe

Daniel Joe Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!


Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @DanielJoe916

13 Aug
The next 2 to 3 weeks for #BTC are going to be the most critical in determining bull market continuation. Here I explain the exact technical and Onchain confirmations I would like to see for bull market continuation.

The first big step for #BTC is making a strong weekly close above the 21 week and 200 day MA. This will flash a very bullish technical buy signal, potentially causing a wave of capital to enter the market.
More importantly, after the first weekly close above major resistance at the 21 week and 200 day, we need to see follow through higher for the next 2 weeks, ideally breaking above 47k to 50k and entering the golden fib zone between 51.1k to 57.1k.
Read 21 tweets
11 Aug
As promised, here is PART 1 of my }#BTC price target thread. This thread is for my BASE CASE price target for #BTC on this #bull market. It is a time based, condition based target, which blends multiple forms of analysis. Think of it as a moving target.

Disclosure: this is my opinion. This is not financial advice, DYOR. I am keeping my proprietary methods private, as I have spent years researching and refining my analysis. Thank you for understanding. With that said, let’s jump in.
I use a variety of technical indicators and have my own proprietary methods to chart out highly confluent technical targets to the upside. I also apply sentiment indicators and onchain to help identify signals of euphoria and incoming selling pressure.
Read 12 tweets
11 Aug
Quick update on my thoughts on the third largest #BTC whale wallet. The lack of activity further suggests the recent selling is more likely to do with breaking even or realizing small gains on blocks of #BTC acquired in the upper 30s to low 40s.
This 🐳 lightly accumulated 753 #BTC starting at 50k on May 15th, at the start of the huge pullback. Additional purchases were made at 44.7k, 44.1k, with large buys going all the way down to 29.6k.
As #BTC continues the breakout attempt, I expect this 🐳 to sell small amounts of BTC especially if price approaches its cost basis for certain blocks at 50k.
Read 9 tweets
10 Aug
Here’s 3 charts showing near term relative performance of #BTC to the SPX, Gold, and the Dollar. #BTC is showing signs of strength when comparing recent performance.

During the multi month #BTC consolidation, the SPX continue higher while #BTC underperformed. There was a large divergence forming between the SPX and #BTC. BTC staged an impressive breakout and has been significantly outperforming the SPX. Image
#BTC and gold’s recent price action show strong inverse correlation. It’s very interesting to see Gold drop significantly on a weekend, and #BTC push significantly higher on the same day. Image
Read 8 tweets
5 Jul
Weekly update #BTC
Long term technicals and Onchain remain bullish. The next 3 to 5 weeks will be critical in determining direction for BTC. It is very important for BTC to close back above the 21 week for bullish continuation and to avoid a bearish crossover on my 21/40 rule👇 Image
This weeks price action formed the Higher Low at 32.7k, with less volume, a positive signal indicating further supply exhaustion.

Near term we need to see #BTC push above and stay above 35.5k and 36.6k to help form the next higher high. Image
It appears #BTC is finding near term resistance at the 200 MA on the 4 hour chart. The 200 MA has been slowly flattening, signaling consolidation has been progressing and a potential set up for an attempt to push higher. (Chart from yesterday’s initial test) Image
Read 10 tweets
1 Jul
1/ Here is a more detailed breakdown of the Wyckoff Accumulation Schematic. #BTC has been giving early bullish signals on Supply/Demand, Buying Test Requirements and Effort/Result principles.

Time for a thread
2/ Here is the current chart of #BTC with each Phase marked. Current price action suggests #BTC just formed the Spring and Test in Phase C and is attempting to forming a higher high and higher low for validation. Image
3/ Test #2 consists of PS, SC, AR, and ST. Volume is expected to decline throughout the #trading range, a signal of less supply available, thereby weakening selling pressure. Also notice the near term downtrend being broken. Image
Read 19 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!