"Preparing for a Potential Capitulation Drop in Bitcoin

We are approaching a critical juncture in the Bitcoin market, with a possible capitulation drop on the horizon. This event occurs infrequently, approximately once every several years, and is distinct from regular corrections. If we calculate the average price of Bitcoin's trading range over the past month and a half, we arrive at around $66,600. A 50% capitulation drop would put the price at approximately $33,300.

Historically, May has been a challenging month for cryptocurrency, particularly when prices are at multi-year highs. Bitcoin is currently trading at record levels and has been in a distribution phase for nearly two months. While this phase can last several months, the recent halving event suggests a capitulation drop may occur sooner rather than later.

If this drop occurs, it will mark the beginning of a new phase, wave, and entry point for the bull market. This market is expected to gain momentum in late 2024 and continue strongly throughout 2025, presenting a significant opportunity for investors.

Rather than focusing on short-term price predictions, it's essential to prepare for the potential capitulation drop and the subsequent market shift. Stay tuned for updates as the situation evolves.

#Bitcoin #MarketAnalysis #Cryptocurrency"