BTC is clearly in a large timeframe bull trend. It seems to have formed the third angle of support for the bullrun (hyper waves like prior btc cycles tend to top out after making a 4th and final angle of support (in gray)).
In the short term its price action is mimicking last years, forming a right-angled ascending broadening wedge after breaking up from a 8-month consolidation. These broadening wedges represent mid-cycle consolidation before making the next leg up.
The 1.618 - 2 fib extension of each range predicted the next levels that BTC would pause at. A break above 121k-127k predict the next intermediate top to occur at 151-172k range.
In the short term its price action is mimicking last years, forming a right-angled ascending broadening wedge after breaking up from a 8-month consolidation. These broadening wedges represent mid-cycle consolidation before making the next leg up.
The 1.618 - 2 fib extension of each range predicted the next levels that BTC would pause at. A break above 121k-127k predict the next intermediate top to occur at 151-172k range.
註釋
Green vertical line = halvingRed vertical line = btc top which tends to be 70-80 weeks post halving
Blueish-green support line = logarithmic support line, i.e. lowest BTC can go based on prior bear market lows
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