The Bitcoin ‘Dream Entry’ To Wait For Before The Run-Up To $300,000
A crypto analyst says Bitcoin’s recent drop below $74,000 may be a buying opportunity before a larger multi-year rally. He is accumulating BTC with a long-term bullish outlook that includes targets of $200,000, $300,000, and ultimately $500,000. He has outlined three Fibonacci-based buy zones: around $60,000, $45,000, and $35,000. The $60,000 level has already been hit, while the $45,000 zone is the next planned entry and $35,000 is described as a “dream entry.” These levels are tied to retracement zones and bullish structure on the weekly chart. His bullish case is built on an inverse head-and-shoulders pattern that formed from 2022 into early 2024, which preceded Bitcoin’s strong rally to a new all-time high above $126,000. After rejection near $84,000–$100,000, BTC has pulled back into the current retracement area, where the accumulation plan is now being used.
