LIVEThis is the final warning and a friendly reminder; what we are about to witness is a "capitulation drop!"
This event is not your common drop or "normal correction," instead, it is a major event that only happens once every several years and you have front row sits for it.
➖ If we calculate the average price for Bitcoin's trading range in the past month and a half, we get a number around $66,600.
➖ If we divide this number by two, the 50% capitulation drop, we get a number in the range of $33,300.
👉 Here is my idea of how Bitcoin will behave around this number if a capitulation drop does show up in the coming days or next month; May 2024 ... But first, let me tell you that May is normally a bad month for Cryptocurrency when the action is coming out of a multiple-years price high —that is BTCUSDT. This is the situation in which we are at today.
Bitcoin is trading at the highest prices ever and has been on distribution for quite a while now, this phase is about to reach soon two months.
This phase can last, it can last 3 months, 4 months and sometimes even a total of 6 months before the capitulation actually happens but do not worry, it won't extend this much this time around because the halving just took place.
Boost this trade idea and we will comeback for frequent updates.
The capitulation happens now, this or next month, and this is what we've been waiting for to start the new phase, the new wave, the new entry, the bull-market that will really heat up late, very late 2024 and all throughout 2025. All throughout 2025 it will be super, it will be big, it will be great; it will be the opportunity we have been waiting for.
What are you doing now?
Is not really about Bitcoin going to $100,000 before a correction or whatnot or predicting what happens next; @AlanSantana
