A setup for a decent Santa Rally

While Bitcoin has a long way to go!

 

 

Here are the 4 major catalysts to propel Bitcoin into a high-speed bull run channel. 

  

Below is one more indicator why BTC still has a long way to go: the Mentioning Indicator. When something is hot, more and more people will google it by search for its information. The hotter the topic is, the higher frequency of mentioning it will be in the searching record. At the end, it will become a contrary indicator when it reaches its peak around 100%. This is the time the underlying stuff also reaches it max value. See the chart below with BTC price line (black) vs the mentioning indicator (blue as annually and green as monthly). Back in 2017-18, the mentioning indicator reached 100% when BTC also topped then. But now, while BTC has made all time highs above $100K, the monthly mentioning indicator is just around 30, far below its historical peak. In other words, BTC still has a lot of room to go up in the months ahead. No one knows for sure how high it can go in this cycle of the bull run. I have seen predictions ranging from $150K to $500K by the end of 2025. I think $150-200K is more likely in my book!