Bitcoin to $1 Million: A Comprehensive Analysis with the Livermore Pattern
Bitcoin to $1 Million: A Comprehensive Analysis with the Livermore Pattern
Hello everyone! On June 25, 2024, I published one of the top long-term Bitcoin trading ideas over the past 1.5 years, purely within the framework of technical analysis. I regularly provided updates in the notes of this trading idea, but since a trading idea can only update once and rise in the public list, many forgot about it, and few saw it!
However, this forgetfulness was unwarranted, as during this period, Bitcoin’s price surged from $60,000 to $127,000, then dropped to $80,000 in 2025. This likely concluded the 2022-2025 bull market between points 5 and 6. At least until proven otherwise – future updates to this very trading idea will explore this!
Unfortunately, I must re-publish a version of the June 25, 2024 trading idea because the Bitcoin Liquidity Index (BLX) chart officially stopped updating on September 1, 2025. We can view the history, but new data is inactive! I have attached the original trading idea in the linked trading ideas.
Introducing the Livermore Wide Accumulation Pattern for Bitcoin
Here is a summary of my original trading idea from June 25, 2024:
I introduce you to the global Bitcoin trading idea for the next decade! Below, I briefly yet informatively explain how Bitcoin will likely reach one million dollars step-by-step, and what two serious risk factors exist today.
In 1929, Jesse Livermore published this hypothetical chart illustrating “all the most important things that happen to a stock’s price.” At the beginning of this pattern, a wide accumulation wedge, an upward “megaphone,” forms from two sloping trend support/resistance lines. In Livermore’s original chart, one should consider volume during pattern formation, but I believe that for Bitcoin, it’s better to consider the spread. For aesthetic reasons, I removed this indicator from the final chart, so check it yourself.
After spending significant time on multiple technical analysis and fundamental analyses of BTC, and also considering macroeconomic trends in the US and the global economy, I concluded that a very strong bullish pattern is forming on the cryptocurrency Bitcoin chart: the Livermore Wide Accumulation Wedge!
This means that from Bitcoin’s inception until 2024, all these micro bull and bear cycles constitute an asset accumulation period.
Bitcoin’s Path to $1 Million: Livermore Pattern Stages
Now, let’s briefly cover the key points based on this pattern:
- 1. All-Time Low (ATL): Bitcoin’s lowest historical price, the birth of this digital asset.
- 2. 2017 All-Time High (ATH 2017): The first significant surge, the maximum bull rally that concluded around $19,000-$20,000 in 2017.
- 3. 2018 Low: The minimum correction after the 2017 all-time high.
- 4. 2021 All-Time High (ATH 2021): A new absolute all-time high around $69,000, which few discussed in 2019, including me with a Bitcoin trading idea of $55,000.
- 5. Correction Completed: The $15.4K low – the correction after reaching $69,000 concluded in November 2022.
- 6. End of the 2022-2025 Bull Rally: Bitcoin price $115,000-$150,000.
- Based on the graphical pattern I considered, the long-term uptrend will likely be limited in growth, allowing for error on the monthly timeframe, to the $115,000-$150,000 region. Currently, Bitcoin analysis shows it consolidating above $60,000.
- A second inflationary wave will force the Federal Reserve to return to hawkish policies after the US elections, likely near the second half of 2025 or even by the end of that year. Bitcoin will reach a new all-time high before then, followed by a long-term downtrend.
- 7. In 2027 – Correction to around $30,000: The Federal Reserve is forced to surrender; the war on inflation is lost. The beginning of unprecedented QE… money printing by the Fed…
- In 2027, the Federal Reserve will be forced to surrender; they have lost the war on inflation. The United States will solve all its problems solely by launching the money printing machine and unprecedented QE. 2027 marks the beginning of the dollar’s fall into hyperinflation.
- The Bitcoin price correction will conclude at $30,000 +-10%, representing the last buying opportunity before the bull market of the century, realizing the breakout from nearly 20 years of accumulation!
- 8. The Most Powerful and Fastest Bull Rally in History! The first wave after breaking out of accumulation. Hyperinflation in America …
- The most powerful and fastest Bitcoin price increase in history! The first wave of the bull rally after breaking out of accumulation reaches $500,000 per coin within 1-2 years. The United States faces hyperinflation, the dollar exits the world stage, and the Yuan takes its place. Digital assets and commodity markets grow.
- 9. New All-Time High is Coming… The second wave of the bull rally!
- A new all-time high against the dollar will soon occur… the second wave of the bull rally! Hyperinflation is escalating, and the Federal Reserve can do nothing more – the phrase “dollar collapse” shines with new colors among skeptics.
- 10. Bitcoin $1,000,000 + “Bubble Peak”
- Bitcoin has crossed the $1,000,000 threshold, the peak of the dollar bubble. In 2030-2035, the dollar might disappear entirely as a currency, and trading against the dollar might simply cease.
- BTC’s value will then be measured against gold in the BTC/GOLD pair or the Chinese Yuan BTC/CNY.
Continuation of the Livermore Pattern (If the Dollar Survives)
This would be the end of the story, in a way, to conclude this trading idea. The next points only make sense if the dollar still exists, which I consider unlikely. I do not know what will happen. However, I have still outlined the next points based on Livermore’s original pattern in this trading idea.
- 11. First Major BTC Sell-off: The first major Bitcoin sell-off, because eternal growth does not exist! Sooner or later, there are always those who want to sell; former bulls start playing short!
- 12. Testing $1,000,000, Before Short Selling! The psychological round level of one million dollars will be like the $10,000 level for Bitcoin at one time; the price will interact with it more than once. Testing $1,000,000, followed by a powerful drop.
- 13. Long-term Correction Near Strong Support of $500,000, 1-Month Timeframe: Long-term correction – strong support at $500,000, 1-month timeframe.
- 14. Flat Correction: Another flat correction in the bear market, or any other type.
- 15. Strong Support at $100,000: Strong support in the $100,000 region – forming a bottom before a new growth cycle, likely over $10,000,000 by then (assuming the dollar still exists!)
Global Risk Factors for Bitcoin Price Prediction
I remind you of two global risk factors that can significantly adjust this global trading idea:
- 1. Government Fight Against Bitcoin: I believe that in 2025-2027, the US government will pressure Bitcoin once it becomes clear that Bitcoin poses a real threat to the dollar. Ultimately, Bitcoin will emerge victorious from this situation and grow. In my opinion, this will be the main factor of the next bear market phase!
- 2. Bitcoin’s Reliance on Electricity and Miners: The second threat is more critical. Bitcoin depends on electricity and especially miners. Planet Earth is entering a cycle of natural disasters that increase exponentially each year. Many regions of the world will become uninhabitable. Sooner or later, major miners will be affected; which geographical areas will be harmed and who will be the first victim – I do not know for sure! The network may not be completely destroyed, provided human life and technology are preserved on Earth. But predicting the damage this would cause to Bitcoin’s price is impossible.
That’s all I have for today. I wish you success in your independent trading decisions and profit-making. Please analyze the information you receive from me and always think with your own mind!
Goodbye! ✊
Frequently Asked Questions (FAQ)
What is the Livermore Wide Accumulation Pattern and how is it applied in long-term Bitcoin analysis?
The Livermore Wide Accumulation Pattern, introduced by Jesse Livermore in 1929, is a technical analysis pattern featuring an upward “megaphone” formed by two sloping trend support/resistance lines. In this article, we apply this pattern to a global Bitcoin analysis over the next decade, predicting its path to one million dollars. Unlike the original chart which considers volume, for Bitcoin, the spread is considered as the key indicator.
Based on this analysis, when will Bitcoin reach one million dollars, and what role does hyperinflation in the US play in this journey?
According to the Livermore Pattern, Bitcoin is predicted to cross the $1,000,000 threshold in 2030-2035. This dramatic growth heavily relies on the occurrence of hyperinflation in the US and the potential collapse of the dollar. The analysis suggests that the Federal Reserve will eventually succumb to inflation, leading to unprecedented money printing. This would cause the dollar to exit the global stage, fueling powerful growth in digital assets like Bitcoin.
What are the two main global risk factors that could affect Bitcoin’s price prediction?
Two significant global risk factors that could substantially alter Bitcoin’s price prediction are: First, government opposition, particularly from the US government, once Bitcoin is perceived as a real threat to the dollar. While Bitcoin is expected to eventually overcome this challenge, it could trigger the next bear market phase. Second, Bitcoin’s dependence on electricity and miners. With an increase in natural disasters, damage to major miners and power infrastructure could harm the Bitcoin network, making its price prediction difficult or impossible.
In the Livermore Pattern, what is the significance of Bitcoin’s price correction to around $30,000 in 2027, and what economic events accompany it?
In the Livermore Pattern, the Bitcoin price correction to approximately $30,000 in 2027 is described as the “last buying opportunity before the bull market of the century.” This stage is accompanied by the Federal Reserve surrendering to inflation and initiating an “unprecedented Quantitative Easing” (QE) program, leading to massive money printing and the dollar’s descent into hyperinflation. This correction will mark the end of Bitcoin’s almost 20-year accumulation period, after which the most powerful bull rally in history will commence.
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