Helloooo out there in the world of Bitcoin!
My name is Trevor bringing to you the update we have all been waiting for!
Bitcoin's Historical Monthly Chart is now officially updated!
If this is your first time viewing this chart and need help understanding,
make sure to check out the article/video below that helps explain
https://www.publish0x.com/trevor-balthrop/bitcoins-historical-monthly-chart-explained-xpplynr
Now for some quick thoughts regarding this month's results heading into October!
If you would have been with us for last month's update, we were already very well prepared to have a frustrating September.
We saw all kinds of fear and debacles around the market that were certain to keep the price down.
Strangely enough, however, the type of news we were getting would normally send prices spiraling down with no hope over recovery.
Now don't get me wrong!
This month's frustrating times surely shook out a lot of investors that decided it was time to cut their losses or take some profits while they can.
For true hodlers though, we are still buying the dips and awaiting the moment of truth!
Will Bitcoin hit $100k still?
Now of course I can't predict the future and in no way should this be taken as professional financial advice.
All signs are still pointing to YES!
The journey to $100,000.00 Bitcoin is still in full force!
With one of those signs being on this chart ??
After having weeks in the Green prior, we needed a good correction to help create the next launchpad for takeoff.
Now that September is officially a Red month on the charts,
this has paved the way for the opportunity to see multiple Green months in a row!
Leading us to a massive blowoff top that will be extremely hard to fathom for most people.
Even if for some reason we don't hit $100k we undoubtedly see a very beautiful attempt to get there.
Some of the more Bullish people in the space think that this next run-up could see us getting rejected at $200k rather than $100k!
But before we get there we still have to deal with what we know now.
We just had a Red month and while we could technically see another Red month here in October.
If history rhymes as it has in the past, we are about to see a really surprising and quick recovery back close to All-Time Highs.
Institutional Investors and Whales continue to accumulate while everyone is fearful we have already reached the end of this Bull cycle.
So if I had to guess myself?
I believe this month will definitely end in a Green month!
Past that I'm predicting we see multiple Green months in a row leading into the New Year.
In other words, my bags are packed and ready to sell when we do finally lift off.
Bitcoin and the Cryptocurrency market will move fast so we will need to be quick and alert if we want to take advantage of it.
It could be a matter of months possibly even WEEKS before everything goes "Parabolic" as many like to describe it.
As a helpful reminder, just remember, we really could already be at the end of the Bull Cycle so if you're unsure.
Please be careful!!!
Never drop anything into your portfolio unless you are positive you could do without it for a while.
Things can change very quickly but these new Weekly Candlesticks across all the different charts?
Well, it might be signaling a different story and prices are about to get really spicy!
Thanks so much for stopping by to check out this month's update to the Bitcoin Historical Monthly Chart.
Don't forget to like, subscribe, or do what you have to do to stay tuned next time;
and I hope everyone has another BEAUTIFUL day in Crypto!
This is Trevor's signature ??
and article!
Check out the website
www.TrevorBalthrop.com
