BTC
will see a pre-halving ATH if it keeps copying previous cycle's post-black swan fractal. After the FTX crash, we copied each phase that occurred after the COVID crash. If this continues, we'll see a new ATH early 2024. The ETF catalyst could make it happen.
Comment:
Zoomed in, it all makes sense. The ETF approval is approaching and when it happens, it could to send us to a new ATH. It deviates from the standard cycle phase where we would see an ATH after halving instead of before but this catalyst might be strong enough to break it. If we look at the fractal, the rally continues to 150K where we would see a first major retracement to 100K, big psychological levels. There we would consolidate into the halving (estimated mid april 2024) and rally to new high's post-halving. 250k and 300k will be big levels again that could mark a top during summer.
