Get ready for bitcoin possible crash!
We have reached the old ATH too early in the cycle and have been stuck in a consolidation for almost 6 months since then. This can end with a crash now. A final shakeout before the next wave up.
The situation is similar to 2019 - early 2020. Too high too early, then a long boring consolidation period, and finally a crash (triggered by COVID). The difference was that it happened in an earlier phase of the cycle.
October is statistically a bullish or neutral month in a bull run, so it's likely to happen either in September or November.
My target is 40K but a wick can be expected to reach as low as the 30K area. It's likely that we'll get a fast recovery so it's important to have a plan and act decisively.
This is not a financial advice!
