It's clear now that Bitcoin pumped to a distribution zone twice in 2021 and created accumulation zone structure three times now.
Bitcoin will likely break out of the accumulation zone this year and probably by fourth quarter of 2022 if not early 2023. Once it does it can creep up to 100K or there will be a big fast pump to it. Either way, once we leave this accumulation zone it's likely gone for good.
Bitcoin is currently squeezing between moving averages on 3D and weekly time frames. We're close enough to the "fair price zone" of the logarithmic regression curve that the result is likely to be a pump to the upside rather than the down.
Whales are loading up in this zone.
Bitcoin will likely break out of the accumulation zone this year and probably by fourth quarter of 2022 if not early 2023. Once it does it can creep up to 100K or there will be a big fast pump to it. Either way, once we leave this accumulation zone it's likely gone for good.
Bitcoin is currently squeezing between moving averages on 3D and weekly time frames. We're close enough to the "fair price zone" of the logarithmic regression curve that the result is likely to be a pump to the upside rather than the down.
Whales are loading up in this zone.
Comment:
The Fed continues to tighten and I continue accumulating below 20K!
"You didn't come here to make a choice, you've already made it. You're here to try to understand why you made it."
―The Oracle
―The Oracle
I sold out at 45k and have been buying in around 20K.
So the one change in my analysis is that the new ATH won't happen until the next halving in 2024. I expect we'll get some pumps and dumps in the meantime. :-)