BITCOIN: This Is How Many Days To A NEW ATH

Bitcoin Analysis

• Bitcoin is currently undergoing one of the longest corrections in 2024, with 10 days under the old all-time high.
• The "three-day rule" has shown up again, indicating potential further downside.
• Support levels are at $92,000 and $100,000, with resistance at $100,000.
• Bitcoin's cycle and corrections are being analyzed to predict potential future movements.

Market Sentiment and Trends

• The fear and greed index for the stock market is at 35, indicating extreme fear near all-time high prices.
• The S&P 500 has seen a 25% increase in 2024 with only an 8.5% peak-to-trough correction.
• The average correction for the S&P 500 is 14%, which has not occurred since 2020.
• Copper prices are putting in higher lows, potentially indicating a significant boom.

Crypto Market Analysis

• The crypto fear and greed index is at 74, with potential for further downside.
• Liquidations have been relatively healthy, with exchange volume bouncing off previous resistance support.
• USDT dominance is not looking great for Bitcoin and crypto, with potential for a move up to 4.7% and testing of previous lows.
• Bitcoin dominance could continue to rise, indicating potential loss of faith in altcoins.

Ethereum and Solana Analysis

• The ETH/BTC chart is showing signs of weakness, with potential for further downside.
• Ethereum's timeframes to the upside have been consistent, with a potential low in mid-February.
• Solana has hit its three-bar rule, indicating a weaker position than Ethereum, with further downside potential.

Conclusion

• The analyst is watching for a potential low in the coming weeks, with a potential breakout to a new fresh high in February or March.
• Various signals and indicators are being used to predict future market movements, including the three-day rule and timeframes.
• The analyst is cautioning against potential scams and reminding viewers to only subscribe to official channels.