This happened in 2015, 2019, and once again now... I believe Bitcoin will begin at least another year of downward or sideways accumulation to create a strong platform for BTC to grow to new heights, as you can see in previous Bear Markets this exact same short-term rally has happened before,
How will it play out? - I believe it will start with a shortfall of $19,800 touching the 10-week ema, from this point it will eventually hit $16000-14000 with the potential to hit $11-8000 which I think is unlikely.
Why will this happen? - The economic collapse that the average human needs like oil, housing, unemployment, etc. during these times saving rates have plummeted to 2.4% from previous years ranging from 8.4-19% in USA and Europe leaving people with very little money to invest.
@EvanHearne, Im calling for 42k. The pattern you show is the same as the 216 day accumulation in 2015. And it even resumed AFTER the FTX dump LOL. I realize that the false top on bitcoin fooled you guys with all your "experience" but thats the case. Sorry you guys waited a whole year to short.... It's not too late to turn it all around...
EvanHearne
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@Elefant-Schnitzel please don’t comment your uneducated ideas with little to no experience and petty comments. Thank you
EvanHearne
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@Elefant-Schnitzel 25 of January 8k bitcoin coming on your inverted chart stop wasting your time trying to slander people online and go outside 😘 thank you for your feedback