I highlighted some major similarities here on the Weekly Chart.
I've posted this pattern for the first time about 3 weeks ago and wanted to go into some more detail.
Keep in mind that this is only one out of a bunch of possible scenarios, but for now its still my favorite one.
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(Leave me a comment if you want me to make a video about this, including different time-frames and indicators.)
I was looking at exactly this, I find it pretty interesting how similar the April 2021 drop is to this more recent (November starting) drop. I really hope we see a 62k+ all time high by march - may time, and maybe higher. Quick question for you tho do you think Bitcoin will hit 75k+ this year and if so on what basis could you get to this outcome ? Thank you for sharing your analysis much appreciated ✅
DeFeye
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@kobycannon15, hey man, appreciate your comment. My short answer to your questio is yes, but i will go into more detail with a mid/long term predition in the next couple of days. One big factor is the current stock market performance reaching new ATHs while Crypto is tanking, which leads me to believe that a lot of smart money is due to move to BTC and crypto as usually those two markets peak and dump pretty much simultaneously. Currently there is a somewhat significant gap between the two markets, hence i believe the crypto market is gearing up for a big rally in Q1/Q2 to catch up, which would lead us to new ATHs. Don't forget to like the post my man! and watch this space for predicitions!