| by Blend Visions | Coinmonks | Apr, 2025
As far as I am concerned, I wanted to talk to you about Bitcoin today. In particular, I wish to talk about what I said before. When I predict Bitcoin to hit $200k by the end of this year. As it happens, things haven’t gone all that well in accordance with that plan. Bitcoin has fallen below $80,000. It’s still nowhere close to achieving that target. So, I’m changing my mind.
In this article I’ll break down what I now expect will happen. The rest of this year and even into 2026 will be covered. Later you will receive my latest Bitcoin exit strategy. First, I would like to reflect on my overall thesis regarding Bitcoin. I see it in two main parts. We will then speak about the technicals first. That’s Bitcoin’s price action. We’ll then take a look at the beginning. It is very global liquidity and M2 money supply-based. But I will explain what all this means for Bitcoin’s future movement in the market. 
At the writing of this, I feel Bitcoin is close to hitting the bottom of this correction. And it has seemed to make its last low around $76,000. I believe it just has to consolidate now. However, I will say this: don’t buy this dip yet. I believe that in at least two months, and perhaps as long as six, this is going to consolidate. That has its reasons, which I will explain.
Though Bitcoin has been declining quite heavily in the past few months, it is still sustaining at the key support levels. In this cycle, we see that it’s still alright in terms of moving averages. It, in particular, is holding above this blue average line in my chart. The SMA, on the other hand, is 50 weeks. Whenever Bitcoin has gone parabolic in the past, it’s typically respected the 20-week SMA or 21-week EMA.
