By analysing BTC on Monthly chart currently price is on 2nd stage Accumulation of MMBM by end of 2024 Q3 . Anticipating Q4 will be SMR because Q2 was accumulation , Q3 was manipulation and Q4 will be Distribution in yearly PO3. So if price distribute to Buyside , we can see a clear engineered liquidity forming multiples of relatively equal highs creating a large pool of buyside liquidity . Therefore smart money will go on sell orders or the counter party for that huge buystop or buy limit creating SMR above that Buyside and MMXM will play on the market.
It's just my point of view. If my view and thoughts are on tracks im anticipating btc price below 15k that is initial consolidation by next year Q4. Current Q4 will be bullish because technically like I said above and fundamentally the chaos around the world and US election on November.
The cause is already ready for Q4 now the effect will be this is what im anticipating.
If price go 100k on coming months or weeks there is nothing to surprise because world's biggest stage is set for November 2024 . The US election.
