๐จ Important Cryptocurrency Update!๐จ My Prediction: $BTC to hit $70k! ๐
Attention all crypto investors, this is a must-read! While many influencers are forecasting Bitcoin ($BTC ) to reach $44-48k, I offer a different perspective that could change your market view. Here's why you shouldn't be swayed by these predictions and what you should consider instead.
Bitcoin has been consolidating in a range since early March, leading to a seemingly uneventful market. However, beneath this calm surface, we might be witnessing a significant accumulation pattern known as the 'Wyckoff Re-accumulation' pattern. This pattern is a bullish sign, suggesting Bitcoin could be poised to reach new all-time highs.
To illustrate, I've overlaid the Wyckoff pattern chart onto Bitcoin's chart, revealing notable similarities. By drawing the Wyckoff pattern directly on Bitcoin's chart, it's easier to see how closely the current market situation aligns with this historical pattern.
Understanding this pattern is crucial because it indicates that the current market phase is a period of re-accumulation before a substantial upward movement. If the pattern holds true, we may soon experience a new all-time high.
For a detailed analysis of why I believe July might mark the bottom and what technical targets to watch for, check out the full explanation in the quoted post below.
๐๐ Ready for the next big move? Don't miss out!
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