#Bitcoin - The Puell Multiple
I call it here: This is your second best chance after 2022 to re-accumulate before the next wave starts.
$BTC is where it was in 2012, 2016 and 2020.
Even if it doesn't feel like it, I think we've some incredibly exciting months ahead of us.
#Bitcoin is following this pattern ๐ฅ
1. Support Trendline created
2. Shakeout
3. Retest
4. Rally
The current combo has completed all the elements except Rally.
Next move will be a RALLY up to $100k ๐
I may not be able to make a market update today, here's the important part. ๐
๐ก line shows on-chain transaction volume of Bitcoin that hasn't moved for over 1 year and ๐ต line 3 years. @santimentfeed
That means this latest move is driven by traders and short-term panic.
We however have dropped below the previous Bitcoin trendline and it appears buyers aren't aggressively buying the dip so we may still head lower before buyers jump back in but it seems we're at accumulation once again. I'm buying.
๐จ๐จ๐จ Massive sell wall on $BTC came in!
You have to survive until the FOMC on the 18th!
The market will do everything to shake you out!
#Bitcoin