Financial expert and trader Alex Krüger on Wednesday shared his forecast of possible phases for the rest of the booming market, expecting Bitcoin BTC/USD to blaze a trail for a wider market rally.
What Took Place: In a post on X, shared 7 possible phases, based upon patterns observed in 2021 and 2024.
Bitcoin rallies in Phase 1, stimulating a wider market uptrend, leading meme coins to participate in phase 2.
In phase 3, altcoins sign up with the rally, followed by a preliminary correction or “flush,” which the expert anticipates at Bitcoin costs of around $110,000 to $120,000.
Phase 4 sees the “mania” continue into Christmas or the inauguration.
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A secondary, less extreme rally in phase 5 would extend into February or early March before a significant market correction in phase 6, possibly set off by tax-related profit-taking in March.
Krüger highlights March as an important month due to tax season pressures in the U.S., which traditionally triggers profit-taking.
He encourages traders to front-run this pattern by taking earnings in February to alleviate possible losses throughout the correction stage.
Phase 7 would conclude with a smaller sized, “less manic” healing.
The trader kept in mind the self-reinforcing nature of crypto market patterns, where herd habits enhances both rallies and corrections.
Traders’ historic discomfort from previous losses frequently drives their decision-making, developing foreseeable cycles, such as the Bitcoin halving cycle.
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