Mark Your Calendars : BTC Bullrun Expected Between May 17th-24th
We haven't seen the final dip yet. The symmetrical triangle suggests it could hit around the 52-53k support area.
The triangle broke out downwards on April 13th, and the retracement has already occurred. Prices are steadily dropping towards the trendline.
This event will also coincide with BTC touching its longest-term trendline, dating back to November 2022. This convergence marks the beginning of a new bull run, expected to last 12 to 18 months with sharp upward movements.
The RSI confirms this, forming a bullish falling wedge, expected to complete around the same time as BTC approaches its trendline.
So, mark your calendars folks: May 17th to May 24th (plus or minus a few days) will likely be the day everyone has been waiting for since 2021.
Yours truly,
The triangle broke out downwards on April 13th, and the retracement has already occurred. Prices are steadily dropping towards the trendline.
This event will also coincide with BTC touching its longest-term trendline, dating back to November 2022. This convergence marks the beginning of a new bull run, expected to last 12 to 18 months with sharp upward movements.
The RSI confirms this, forming a bullish falling wedge, expected to complete around the same time as BTC approaches its trendline.
So, mark your calendars folks: May 17th to May 24th (plus or minus a few days) will likely be the day everyone has been waiting for since 2021.
Yours truly,