Die Altcoin-Marktkapitalisierung testet nun seit zwei Wochen | Eternel insatisfait auf Binance Square

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Eternel insatisfait

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Die Altcoin-Marktkapitalisierung testet nun seit zwei Wochen in Folge erfolgreich den alten Widerstand als neue Unterstützung
#BTC  
#AltcoinAction  

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#BTC It's possible this current retrace won't take as long as the previous pullbacks The initial retrace inside the pattern took 5 weeks to bottom The one after that took 4 weeks to bottom This current one could take only 2-3 weeks to bottom $BTC #Crypto #Bitcoin

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#BTC Once again, Bitcoin has made its way back to the Range High of its ReAccumulation Range The outlooks yet again looks the same Bitcoin is just one Weekly Close above the Range High away from entering the Parabolic Phase of the cycle However, history suggests BTC may not be able to achieve this only 105 days after the Halving Will historical tendencies prevail or will Bitcoin continue its Accelerated Cycle with a historic breakout? History suggests Bitcoin would be better off consolidating for another 2-months or so to fully resynchronise with historical Halving cycles History therefore suggests that Bitcoin would be ready for a September 2024 breakout $BTC #Crypto #Bitcoin

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#BTC Bitcoin is still on track for a September breakout History suggests that a breakout from the ReAccumulation Range mere ~100 days after the Halving was always going to be unlikely $BTC #Crypto #Bitcoin

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#BTC A Weekly Candle Close above ~$71500 would probably kickstart the breakout from the Re-Accumulation Range However, history suggests Bitcoin should consolidate inside this Re-Accumulation Range for several weeks more Extended consolidation here would get Bitcoin closer to resynchronising with historical Halving Cycles After all, the current acceleration in the cycle is still around 110 days (which is a tremendous improvement on the 260-day acceleration set in mid-March when BTC made new All Time Highs) On the one hand, investors understandably want a breakout, but that would entail an Accelerated Cycle, where Bitcoin would probably peak in its Bull Market sooner On the other hand, extended consolidation here would help with resynchronisation with historical Halving Cycles, resulting in a longer Bull Run There is no right or wrong answer - both cases are bullish It's more a question of whether we get a shorter bull run or a typically long one History suggests we should see a typically long one but Bitcoin is one Weekly Close above the $71500 Range High from going against the grain of history once again $BTC #Crypto #Bitcoin

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#BTC The clustering continues between $65000 and ~$71500 As a result, there is scope for Bitcoin revisiting the Range High at ~$71500 at some point in the future $BTC #Crypto #Bitcoin

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