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Bitcoin Poised for Massive Rally — Here’s What Traders Should Watch Bitcoin is showing signs that it could be gearing up for a major breakout, and the timing couldn’t be more perfect as we head toward the end of the year. After months of consolidation, Bitcoin is finally approaching a key technical setup that could trigger its next big rally. While the market has been volatile, with price action bouncing off both support and resistance levels, the next few weeks could be crucial for Bitcoin traders. One of the most important indicators to watch is Bitcoin’s ability to break through the downtrend of highs it’s been stuck under. Over the past few months, Bitcoin has struggled to gain momentum as it hovered around key levels. However, we are now right in the “sweet spot” time frame for a breakout. If Bitcoin can push past this resistance, we could be looking at a strong move upward. The next target for this breakout would be in the $150,000 to $300,000 range — a 10X to 20X move from Bitcoin’s recent lows of $15,700. Historically, Bitcoin’s price action has followed this pattern, with explosive moves happening after extended periods of consolidation. Thanksgiving and Beyond: The Real Run While we might see signs of a rally soon, I expect the real move to happen closer to Thanksgiving. This period has historically seen strong activity in Bitcoin markets, and this year could be no different. The key is patience — we’re about a month and a half away from the window where Bitcoin could truly start breaking into new highs. Targets for this rally range from $157,000 as the initial marker, with the possibility of Bitcoin stretching as high as $314,000 based on past patterns and Fibonacci extensions. However, it’s always important to remain realistic... While the technical setup looks promising, we still need confirmation before getting overly bullish. The broader crypto market — represented by the "total crypto market cap" — is also showing mixed signals, with altcoins and Ethereum holding back the overall breakout potential. As always, crypto markets are notoriously volatile, and Bitcoin’s potential move toward new highs is no guarantee. But all the signs are there, and traders should keep a close eye on the charts as we approach key resistance levels and prepare for a potentially massive breakout. Bitcoin is poised for what could be its next major rally, but the next few weeks will be crucial in determining whether it can break through its current resistance. If Bitcoin follows historic patterns, we could see a move toward $150,000 or higher by early next year, with Thanksgiving marking a key turning point. Traders should be ready for significant volatility — and potentially huge gains — as the market heats up. Now be sure to join me at 5 p.m. ET… Your Best Shot to Pick Lance’s Brain About the Election Lance isn’t really a vocal guy when it comes to politics… But we’re less than one month away from what he thinks will be the most consequential presidential election EVER for the stock market. While we would never tell you who to vote for… Lance does think we are about to see a flood of insider buying like Wall Street hasn’t experienced in years. Which is why for the first time this year, he finally revealed his top FIVE bold predictions about the election… His personal expectations for who wins…
If you want to pick his brain about the elections… How the Daily Chart Setup Works 1. The price breaks upward through the orange Market Roadmap Line. 2. Then the price goes up and down while staying above the line. Eventually, it comes down to touch the line again — this could take days, weeks or even months. 3. Once it touches the line and starts moving back up, that signals an entry. I use Fibonacci levels for for profit targets and stop losses, and these two tools combined have helped me achieve a 77% win rate over the past six-plus years! You can grab my Market Roadmap Indicator here for just $5 — less than a cup of coffee at most places! Jeffry Turnmire Jeffry Turnmire Trading I host my “Morning Monster” livestream at 9:15 a.m. ET each weekday on YouTube, and then “30 Minutes of Awesome” at 5 p.m. ET each Tuesday! Please check out my channel and hit that Subscribe button! I’m just a regular dude in Knoxville, Tennessee: a husband, father, civil engineer, urban farmer, maker and trader. I've been at this trading thing with real money for 20-plus years, and started paper trading over 35 years ago. I have a knack for making some epic predictions that just may very well come true. Why share them? Because I like helping other people — it's the Eagle Scout in me. *This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. |
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