I know this is a bold statement to make, but the bottom for BTC is in (beautiful double bottom) and a rally to 56K is imminent, bears are about to get rekt as BTC is going to rally to near its all time high price in the coming months, but it won't make a new all time high just yet, as we are in the four year cycle, this is just a retracement.
The bottom for BTC was in Nov 2022, while the bottom of the last cycle was in Dec 2018, thus this time we are one month ahead, the top of the current four month rally will be in May 2023 instead of June like the last cycle (2019).
We will break out of the bullish falling wedge to the upside very soon in the next 10 days, and we won't stop going up until the end of May, so if you are a bear and you don't want to FOMO, you will have to have patience for a very long time before the prices come down again to the current levels, in the coming months, every time you think the prices are coming down, it will go up instead and test your patience severely.
Buckle up boys and gals, we are going to the moon, soon.
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.