Bitcoin Price Forecast: TD9 Setup Indicates $149K in 4 Years
bitcoin‘s TD9 Sell Setup Signals Extended Path to $149,000
Analysis of bitcoin‘s Quarterly Close
Recent insights from crypto analyst Tony “The Bull” Severino reveal that bitcoin has concluded its quarterly chart with a notable TD9 sell setup. This development raises questions about the timeline for bitcoin to achieve significant price milestones in the future.
Current Market Sentiment and Price Projections
Over the past week, bitcoin has experienced a slight upward trend, buoyed by positive sentiment from various technical analyses. However, the TD9 setup indicates that it may take as long as four years for bitcoin to reach the projected price of $149,000.
Understanding the TD9 Indicator
The TD9 is part of the TD Sequential indicator, a tool used to identify potential trend exhaustion and reversals. Currently, this setup is suggesting a TD Risk level of approximately $149,490, which serves as a target price for bitcoin. Historical patterns associated with the TD9 indicator imply that the journey to this target could be longer than anticipated by bullish investors.
Historical Context of TD9 Signals
In 2017, a similar TD9 setup emerged during bitcoin‘s initial surge to $20,000, with a projected TD Risk of $35,000. It wasn’t until late 2020—nearly four years later—that bitcoin surpassed this level. A comparable situation occurred in 2014, where a TD9 setup indicated a TD Risk of $2,400, but it took around 3.5 years for bitcoin to exceed that threshold. These historical examples suggest that the current $149,490 target may also require several years to be tested or surpassed.
Visualizing bitcoin‘s Price Journey
The three-month candlestick chart illustrates this projection effectively. Following the cycle low in 2014, bitcoin took 915 days across ten quarterly candles to reach its subsequent high. After the TD9 signal in 2017, it took 1,096 days (or 12 quarterly candles) for bitcoin to finally break above the projected TD Risk level.
bitcoin‘s Recent Price Movement
In the last week, bitcoin has shown a steady yet modest increase, climbing approximately 1.5% from a weekly low of around $105,430 to its current trading range of $109,240 to $109,600. During this period, bitcoin‘s price has repeatedly tested resistance levels between $108,200 and $108,800, ultimately pushing higher and demonstrating a stable bullish trend.
Current Trading Status
As of now, bitcoin is trading at $109,330, reflecting a 2% increase over the past 24 hours. The cryptocurrency is currently about 36% away from the $149,490 target. If Tony Severino’s timeline based on the TD9 Risk setup holds true, bitcoin may not reach this price point until around July 2029.
