Bitcoin's 2022 Inverted Repetition
In May/June 2022 Bitcoin stopped its decent to challenge the $30,000 level as support. It took more than a month before this support level broke, followed by new lows. Fast forward to present and Bitcoin is facing $31/$32,000 as resistance, it will soon be a month.
Bitcoin will continue to challenge this resistance until it breaks, followed by new highs. We will see an inverted repetition of past action. As a resistance level continues to be challenged, over and over, weaker and weaker it becomes. This is true for the current resistance between $31,000 and $32,000. It is a great time to be a Bitcoin bull.
Ripple wins, Cryptocurrencies for the public are not securities... Everything is set to grow, strong!
