📉 Bitcoin's taken a 23% tumble from its peak, but hey, we saw it coming! Analyst Benjamin Cowen thinks the Bitcoin bull market support band (BMSB) might be our guiding light for recovery. 🌈

- Cowen's looking at patterns from 2013, 2016, 2019, and 2023, focusing on BTC and its BMSB.

- If BTC can hop back over the BMSB in the next few weeks, Q4 2024 might be a good ride.

- But if it's more like 2019, the BMSB could hold us back.

🧐 Fellow analyst 'Rekt Capital' noted BTC is on the edge of its first weekly candle close below the re-accumulation range low in over 4 months.

- BTC's been chilling in this range since February, but it's just lost support and slipped below.

- CryptoQuant's warning us to be careful, as the long position liquidation's been the biggest this year.

🔮 The general vibe? Maybe another dip, a couple of months of consolidation, then a potential Q4 movement.

- BTC's back at $57,000 after a dip to $54,320.

- There's support at $51,500, but to climb, we need to break $60,000 resistance.

- Keep an eye on this week's US inflation reports - they could shake things up!

What's your Q4 prediction? 🚀 or 📉? Let's chat in the comments! #BTC #CryptoNews