Bitcoin is following a textbook Wyckoff accumulation 3 pattern, which would bring us one more wave down before the start of the next bull market, increasing the mounting evidence we might that the next months will see a decline in price action and opening more opportunities for long-term accumulation.
This wave would form the right shoulder in a classic inverse H&S pattern, a pattern that BTC used in the past to reverse long-term market trends.
With a timeline set to complete the shoulder at the end of Q1, the path would be open for investors to move in with fresh money at the beginning of Q2 and send the price up.
The price target for this idea is 19k.
This wave would form the right shoulder in a classic inverse H&S pattern, a pattern that BTC used in the past to reverse long-term market trends.
With a timeline set to complete the shoulder at the end of Q1, the path would be open for investors to move in with fresh money at the beginning of Q2 and send the price up.
The price target for this idea is 19k.
