What a spectacular break-up in Bitcoin yesterday, April 13th 2021. It was certainly not an unlucky day for crypto investor, on the contrary. This move yesterday was really an important one, more important than any average green day in crypto markets: Bitcoin confirmed it wants to move its next higher target, and concludes its 2 month consolidation. A big thing, and our crypto predictions will now ALL be met and exceeded, the last open prediction was our bullish XRP forecast which is now materializing as well.
[Ed. note added on April 18th, 2021: read today’s update on Bitcoin’s drop Bitcoin’s Brutal Decline Was A Test Of Its Rising Trend Channel … For Now]
What is happening on the Bitcoin chart?
Something very, very unusual: we have now month #7 in a row in which Bitcoin moves higher. Never happened before, all previous bull runs were materially different in terms of their structure.
What sets this bull run apart is the ability of Bitcoin to continue to move higher, in one and the same structure (channel, as seen on below chart) for such a long period of time.
Bitcoin has always (ALWAYS) been rising within 3 month cycles. Retracements and selloffs occurred in 3 month cycles. And there has not been any instance in which Bitcoin did rise for more than 3 consecutive months, not any.
So THIS TIME IS DIFFERENT in how the bull market unfolds.
If anything, we can realistically expect Bitcoin to move to a target close to 100k in the next 4 to 8 weeks. Where exactly will it stop rising, when exactly will it stop rising? Very hard to predict, and an exit decision (or take profit decision) should be evaluated on a day by day basis, as Bitcoin reveals the pace of its rise and how that relates to its structure.
That’s what sets this bull run apart from others in the past, particularly this new leg higher.
Note that premium crypto members have access to more charts, they are sent in the form of weekly updates and one monthly update. The chart below is one of the many charts that we use to understand entries, exits, opportunities, threats. Our members received many multi-bagger tips this year so far, but the number of opportunities is coming down now as crypto continues to rise.