🅱️ ₿ If 2018/19 Repeats, The Bitcoin Bottom Is In, $48K Next!

Here is the chart for what happened back in 2018/2019... I have many friends saying that they can't see a bitcoin bottom, $11k or $6k, before July because the relief rally is going to last longer than what we will expect, taking Q1 and Q2...

But if the relief rally goes for Q1/Q2 2023 then we will get a strong wave that will end in a higher low rather than a lower low, just like it happened back in 2018/2019... If this pattern repeats, the bitcoin bottom is in...

Let's have a look.
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Bitcoin 2018/2019 Chart

#1 | We have the capitulation event that lead to a new low in Dec 2018.
#2 | A consolidation phase takes place.
#3 | A strong relief rally takes place until June.
#4 | A higher low after the strong relief rally.
#5 | Beginning of long-term growth (2020).

Bitcoin 2022/2023 Chart

#1 | We have the capitulation event where prices are cut in half and leads to a new low in Nov 2022.
#2 | A consolidation phase takes place.
#3 | A strong relief rally takes place until June. (This would push prices to $48,000 if the pattern repeats).
#4 | A higher low after the strong relief rally.
#5 | Beginning of long-term growth (2024).

Here is the chart:

This is just bear speculation of course but it is possible...

Q1/Q2 2023 bullish and the rest is history.

We were focused on a relief rally Q1 only this year but hey... Let's open our perspective a little bit and also consider the good side since we are bulls after all.

We are here because we like bitcoin and Bitcoin has always done better than anybody expect or can predict, bitcoin always surprises and steals the show.

Namaste.

Comment:

Looks like the fun is starting...

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Trade closed: target reached:

January 7, 2023: "(This would push prices to $48,000 if the pattern repeats)."
Target hit!