$BTC So far following the same course as the last two times we saw this pattern play out in this down trend.
If we'd see a further escalation (ground troops deployed), I think the $50Ks are a very realistic scenario. I would personally be adding quite a bit more spot Bitcoin & Ethereum in that region over time. But no rush in making any decision obviously.
If not, and this blows over, I still want to see the bulls retake the $72K level to show strength. That would invalidate this "pattern" that has been playing out a few times now.
In the end I will just let the charts speak. Especially with the amount of misinformation and fake headlines out there.
1 more leg down seems about right. Then a bottom will form around $50K, we exit the downtrend, and we enter general accumulation for the rest of the year.
Agree or disagree? 👇 comment
#Bitcoin#BTC $BTC
$BTC may dump next week
Printed the exact same pattern it did in Dec
Rising wedge inside a downtrend > Bull trap > Dump
If BTC can't break above the wedge with conviction next week, the next target is $40k
This chart perfectly predicted the current Bull Trap to ~$97K.
It's the EXACT same Double Top setup from 2021.
If the 4-year pattern is still in play, $BTC will dump to $35,000 in February.
Get ready for what’s coming next.
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$BTC is showing the same structure we saw during the 2021 Bull Run.
If the 4-year cycle hasn’t broken, Bitcoin will dump to $33,000 in two weeks.
Most people aren’t prepared for what comes next.