🔥BTC price $1mnl+ when the dream of many will come true

We continue a series of global ideas on the BTCUSDT chart
This week, buyers managed to hold the critical zone of 27000-27400$ and, accordingly, growth according to the blue scenario in the idea:

BTCUSDT is now reaching a critical level around $31000.

• If they try to go higher, then next week, may begin to grow in the region of 40000-41000$ like says the yellow fractal
  
• If the price fails to break above 31000$, then we will see a correction to the $24,000 area according to the green fractal.
  

Next week, 03.05.2023, the FOMC meeting and the announcement of the new Fed rate. This event will definitely add fuel to the fire.

At the end of last year, we published an idea where we demonstrated our thoughts and calculations on when the crypto market could peak

Today, we've "played" around with the Gunn box and possible price movement fractals.
The Gann Box is stretched from Dec. 2018 low to the probable high in October 2025.
Skeptics will say that this is a bit "pulled by the ears", but the proportions of the Gann box on the global chart show us trend turning points and the beginnings of a strong movement.
You can personally explore this tool, sometimes it can surprise and impress.

The green fractal shows that over the next six months, a long process of capital transfer from Bitcoin to altcoins may take place.

• During this period, some altcoins can shoot up quite a bit, let's call this period a mini-alt-season.
  
• Then in October, the price of BTC can shoot up from 30 thousand dollars to 51 thousand dollars
  
• Then a must-have occurs before every "BTC halving" - a sharp correction.
  
• After "BTC halving" will start a stable and long-term growth trend.
  
• The growth of the BTCUSD price to 275-300 thousand dollars in two years will be a blessing)
  

What if we witness a miracle and the BTC price crosses the 1million $ mark?
What do you think? Share your thoughts and charts in the comments below the idea

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Comment:

By the way, earlier we also published with an idea about the capitalization of the crypto market and how it is negligible compared to other financial markets.
This idea also provides for a trading range for the flowing of capital from Bitcoin to Altcoins

Comment:

Despite a difficult April for financial markets (bankruptcies of banks, etc.), BTC buyers managed to close it with a "plus"
In two days, the Fed will announce a new rate, which will finally indicate the price trend for the next month.

Comment:

And by coincidence, the crossroads for the two fractals will come on 03.05
And then either a breakout of 31k$ upwards according to the yellow fractal
Or a correction down to $24k according to the green fractal.
The main thing is to wait and not make hasty decisions

Comment:

In 8 hours (18:00 UTC), the Fed will announce a new rate. 85% of respondents expect a rate hike of +0.25%.
That is, at this time, an increase in volatility is guaranteed, within the consolidation of 27000-31000$
If there is a +0.25% increase, it can be assumed that the cryptocurrency market will continue to grow, as this information has already been "digested" and priced in.
If Mr. Powell says "something" contrary to market expectations, the price may start to fall down like a rock.

To protect your trading deposit from sudden changes, it is better not to trade while the price of BTCUSDT is in a consolidation range of 27000-31000$
Above 31000$ - a confident long
Below 27000$ - a confident short

Comment:

Two months have passed, what do you think?
Does the green scenario have a chance of working out?

Trade active:

It has been 4 months since this idea was published.
It seems that the BTCUSDT price is moving to follow a green fractal.
This means that the sideways consolidation to the right will continue for at least another month. And only closer to October will there be a chance for an upward movement.

Comment:

Will the BTCUSDT price continue to move through the green fractal to the $50k area?