In my most recent BTC analysis I talked about the fact that my volatility depth indicator predicted a major move for Bitcoin, which would most likely be a bullish one.
Few days and +15% later, the indicator has yet again predicted a massive move for Bitcoin. We're currently only ~16% away from a new all-time high. In my view, we're going to make a new ATH before the halving in April.
The blue lines indicate the two major tops of the last bull cycle. This area will function as a major area of resistance. My expectation is that we will reach this area in the coming 1-2 weeks, but stay around that area for 2-4 weeks. Bulls have to prepare themselves and let major oscillators like the RSI cool off.
Do you think we're going to make a new ATH in the next 1-2 months? Share your thoughts 🙏
I loved how you pointed out the volatility depth indicator, and saw it confirmed. I also saw it as a bull flag moment. I do think we will reach ATH as you say.