It seems like BTC is reaccumulating right now.
The minimun price target would be 43k, the highest ~46k.
Then its time for a distribution, followed by a selloff.
As long as BTC stays above 31k, the bullmarket is still activ.
Have a nice weekend.
If 15500$ was the first bottom of this bear market, then its time to retest the trendline in the chart.
You can buy now and sell at the 0,786 fib lvl. This could be an impulsive wave. After that the double bottom will come, how deep will it fall?
Well maybe back to 17000$ or even deeper.
BTC needs to stay above 31k.
If BTC closes a week below 31k, it could drop down really hard.
If BTC never gets a weekly close below 31k we will be fine.
The fear & greed index is very high at the moment, just be careful.
I would recommand to just hodl and wait.
An elliot wave count could predict that this could be the last Wave (5) of BTC.
After that you will possibly never see BTC at these high prices ever again, or maybe 10+ years later.
This is just an idea and could be completly wrong.
If we are lucky, we will get a new (but short living) new ATH, after that, say bye bye 30k and say 17k here we come.
So, either we will see the white path or the yellow path. But actually it doenst matter.
I just bought some Altcoins which are looking promising right now, because I see a possible Altcoin season coming. 2021 BTC made its monthly lower low, at that time the altcoins skyrocketed.