YZi Labs is now part of a growing alliance of regulated and crypto-native players funding Digital Asset’s Canton Network, a blockchain aiming to merge Wall Street-scale operations with on-chain privacy and composability. On July 3, YZi Labs, the venture capital…

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According to a new analysis shared by crypto analyst Tony “The Bull” Severino, 
Bitcoin has just closed the quarterly chart with a perfected TD9 sell setup. 
This is actually interesting, because it adds a possibly long timeline before 
Bitcoin can reach any further significant price target. Most of Bitcoin&#8217;s 
daily candles in the past seven days have shown mild upward pressure supported 
by positive sentiment from various technical analyses. However, according to 
the TD9 setup, Bitcoin could take up to four years to reach $149,000. TD9 
Setup Hints At Slow Climb To $149,000 The TD9 is a component of the TD 
Sequential indicator, which is often used to identify trend exhaustion, 
potential reversals, and possible trend changes. Interestingly, what makes 
this particular signal notable at this point is that it is now projecting a TD 
Risk level of $149,490, which is essentially a price target for Bitcoin. But 
if past patterns on the TD9 indicator are anything to go by, getting there 
might take much longer than bulls expect. Related Reading: Analyst Says Cycle 
Is Not Finished Amid 2 Years Of Bitcoin Sideways Movement In 2017, a similar 
perfected TD9 appeared during Bitcoin’s first rally to $20,000. At the time, 
the TD Risk was projected at $35,000. It wasn’t until late 2020, roughly four 
years later, that Bitcoin finally reached and broke above that level. A prior 
occurrence in 2014 offered the same story. Back then in 2014, the TD9 setup 
projected a TD Risk of $2,400, but it took approximately 3.5 years to cross 
that threshold. Now, despite the bullish sentiment today, this historical 
precedent suggests it could take similar years before the $149,490 target 
being currently projected by the TD Risk is finally tested or breached. The 
3-month candlestick price chart shown above provides a visual analysis of this 
projection. From the 2014 cycle low, it took 915 days across 10 quarterly 
candles for Bitcoin to reach its next high. After the 2017 signal, it took 
1,096 days (or 12 quarterly candlesticks) for BTC to finally surpass the 
projected TD Risk level. Bitcoin Price Action On Gradual Climb Bitcoin has 
spent the past seven days in a steady but modest uptrend, rising approximately 
1.5% from a weekly low around $105,430 to the current range between $109,240 
and $109,600. During this move, Bitcoin&#8217;s price action tested and retested 
resistance in the $108,200 to $108,800 zone several times in the past 24 
hours. However, it ultimately pushed higher, showing a slow but stable bullish 
undertone. Related Reading: Analyst Calls For Bitcoin Crash As Price Pulls 
Above $108,000 — Details At the time of writing, Bitcoin is trading at 
$109,330, up by 2% in the past 24 hours. It is currently about a 36% move away 
from reaching the $149,490 price target. However, if Tony Severino&#8217;s timeline 
on the TD9 Risk setup does play out, it wouldn&#8217;t be until sometime around July 
2029 before Bitcoin reaches the $149,490 price target. Featured image from 
Pixabay, chart from Tradingview.com

TD9 Setup On Bitcoin Price Chart Suggests It Could Take 4 Years To Reach $149,000 — Details

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The dollar had the worst start of the year since 1973, analysts say. Its value 
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