As many here, I have been noticing the repetition of the chart from last year´s second half. Although, I believe we are going further down, to the 4500 satoshis area before the impulse. December last year we had also a catalyst (long waited escrow lockup), a very favorable altcoin scenario and an undervalued XRP. This time, we dont have yet a catalyst and the scenario is not as bullish.
I am no professional, this is an amateur analysis intended to trigger healthy conversations over this coincidence. Have a great week!
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We are in the vicinity of the 4500 satoshis level, nothing changed from the pattern we all think is being followed, reassuringly. Although we have this repetition playing quite well, we still need the scenario and/or catalyst. Those who want to take positions should now watch for the bitcoin moves and seek actively for news for XRP, Ripple and SBI group. If nothing happens, I would bet in breaking down the 4000 support.