As usual no one can predict the exact time BTC is going to make a move (up or down) and if everyone keeps saying we're going to fall down a boring sideways action occurs that lasts until people start to wonder if maybe we have already hit the bottom.
Newsflash: we didn't.
What we're looking at right now is just another boring descending triangle that is about to break to the downside. I tried to compare it to that last dump from 6000 and it does look kinda similar. First there's an excitement "fake pump" this time we had one to 4200 and a rejected head and shoulder pattern followed by a slow grind for about a month to where we are at now. As you can see we have reached a point where BTC has become "stable" again and is in my opinion very close to another crash. I'm seeing another 100 $ pump before it breaks 3100.
Newsflash: we didn't.
What we're looking at right now is just another boring descending triangle that is about to break to the downside. I tried to compare it to that last dump from 6000 and it does look kinda similar. First there's an excitement "fake pump" this time we had one to 4200 and a rejected head and shoulder pattern followed by a slow grind for about a month to where we are at now. As you can see we have reached a point where BTC has become "stable" again and is in my opinion very close to another crash. I'm seeing another 100 $ pump before it breaks 3100.