Subjective statement on upcoming annual period for Bitcoin.
- We have year 2022 ending in less than two weeks. Start of 2023 should be considered as pre-halving period of a manual accumulation of BTC.
- We might have further attempts of decline due to ongoing fall of world indices. That case would be observed when price crosses down the 0 channel into lower green zone.
- But the most average condition of the market would be annual flat, as big volumes of long orders and volatility will gradually grow as we get close to the year of halving.
- We might also encounter a rapid breakout to complete a pullback from overall crash 2022-2023 (0-5 EV). However, real bullrun fueled by halving narrative will ignite at the end of 2023 and at start of 2024. At that time bears will be shaken off the market as we'd have already many attempts to pull the price as lower. When collective mind of traders see those many failed attempts, that's when market will feel more comfortable to execute long-trades.
- There will be many opportunities for short-term trades inside breakout zone.
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PriceTime FIBS
