Hey, fam, welcome on another analysis for the day. In fact, it's not much of an analysis, but rather a conspiracy theory. Looking at the Bitcoin chart, we can clearly see that the market is bearish, or should I say dinosauirish for the moment. As it can be inferred from the chart, the price is forming another Stegosaurus reversal pattern. The last time a Stegosaurus pattern was formed, the price dropped massively and could not recover for weeks or even months.
The question is, will we get to see another huge drop? Is another Chicxulub impactor dropping from the sky to erase the dinosaurs from the face of Earth?
Well, time will tell. Let's just be patient and enjoy the process!
QUICK NOTE: The idea posted is for entertainment purposes only! We all need some fun and laugh sometimes, right? So, please do not treat it as financial advice and make conclusions out of it!
@SignalProvider don’t really have a target for BTC as of right now
kingtut101
⋅
I don't trade BTC, just hold on wallets. I believe it'll slowly retrace back down to 10k. Price will bounce around between 10k - 40k until the next halving in early 2024. If anyone holds BTC in wallets like me, now is a great time to dollar cost average. Halt the DCA in late 2023 when the price takes off for the halving. For my trading accounts, I'll stick to altcoins for now. Much bigger gains to be had.