Bitcoin Price Rejection At $99,000: Temporary Or End Of The Bull Rally?

- Bitcoin's price rejection at $99,000 is considered temporary by analyst TradingShot. - Post-election euphoria and the psychological barrier of $100,000 may have contributed to the rejection. - Technically, a Fibonacci channel suggests the rejection occurred at a key resistance level. - Bitcoin's historical bull cycles have seen highs at the 0.0 Fib level, indicating potential for significant growth. - The target price at the top of the current channel exceeds $200,000. - The Bitcoin price top could occur around late September or early October, following past bull cycle patterns. - Timing the market top is more effective than predicting a specific price target. - The current rally remains intact as long as the August 5 low trendline holds. - Bitcoin's cyclical bullish wave should continue if the trendline is maintained. - A repeat of previous bull cycle durations suggests the top could occur in late 2025.