Published 11 Jun 2026, 08:46 UTC · fetched 6 Nov 2026, 14:17 UTC
Kayne (formerly Penguin)
@ThePenguinXBT
bitcoin:native 🧪 Pretty simple now in terms of probabilities now. Definitely think the top is going to be in for quite a while now regardless of counts at $127,000. For me this count makes the most sense if we look from 2023 as one standalone impulse with a clear flat as a first ABC. 🤝 What I was looking for before was that flat to be THE LOW however we just breached that. So my thoughts currently is we likely get a double three - flat followed by another form of correction here. What would make the most sense here is for BTC to attack higher levels such as 105K BTC before another breakdown. We can come lower still but that would give alts room to run here which would be best case currently. Expecting some form of range here then a low for BTC around March 2027.View original on X ↗
Deterministic: the same prices and policy always give the same result
unscored Awaiting manual review
Only the end-of-horizon price counts. A brief move followed by a reversal is not a success. Read the methodology
Uses only text available at publication time
Think the interpretation or outcome is wrong? Sign in with X to request a correction, so reviewers know who is asking.
Sign in to request a correction