A few others on this forum have predicted that the recent HnS pattern in BTC could lead the price below the neckline, towards the $5K territory in the near term. This stretch agrees towards a longer term equilibrium pattern devloping in the BTC price. High of $20K, low of $3K, lower high of $14K -> higher low of $5K, lower high of $10K, higher low of $7K. The volatility gradually decreases as the equilibrium pattern emerges.
This is also the time when long term bulls accumulate - in the hope that the price breaks out violently to the upside later on. So, looking at the timeline, the equilibrium pattern would evolve into mid-2020. It may take until 2021 for the next bull market to kickstart.
This is also the time when long term bulls accumulate - in the hope that the price breaks out violently to the upside later on. So, looking at the timeline, the equilibrium pattern would evolve into mid-2020. It may take until 2021 for the next bull market to kickstart.