BITCOIN The Mayer Multiple + Megaphone Roadmap.

Bitcoin (BTCUSD) is approaching the top (Higher Highs trend-line) of the Cyclical Megaphone pattern and the current consolidation comes as a natural consequence of the Resistance pressure in close proximity.

Technically, BTC has formed almost the exact same pattern during the previous 2 Cycles. The Megaphone starts when BTC breaks and re-tests the orange Mayer Multiple (2nd std from top) and extends towards the green MM (bottom std).

As the price hits the yellow MM (3rd std from top), it consolidates, even has a short-term technical pull-back, which respects the 1W MA50 (it never breaks until the Cycle Top). Once the top of the Megaphone breaks, Bitcoin starts the final and most aggressive phase of the Bull Cycle towards at least the orange MM.

As a result, we expect a similar behavior once Bitcoin breaks above the Megaphone. A fair estimate for a Target Zone would be 150k - 200k.

Do you think that's realistic? Feel free to let us know in the comments section below!


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