BTC BULLS DÉJÀ VU
Price started out with a Descending Wedge Pattern at the beginning of 2021, the breakout enabled the bulls to push price 30% higher to 57k from 41k.
Seven months down the line and we're back where we started, 30k. The bears really tried their best to break below 30k but they just kept on liquidating their accounts & while all this was happening a 2nd desc. wedge pattern was forming then price broke out (after The B-Word Webinar) so now we're back at 41k.
Break above
41K will invite a 2nd 30% move higher; 57k.
Only difference this time though is, this 2nd desc. wedge is larger than the 1st which translates into a larger move if this pattern breakout delivers.
Seven months down the line and we're back where we started, 30k. The bears really tried their best to break below 30k but they just kept on liquidating their accounts & while all this was happening a 2nd desc. wedge pattern was forming then price broke out (after The B-Word Webinar) so now we're back at 41k.
Break above
41K will invite a 2nd 30% move higher; 57k.Only difference this time though is, this 2nd desc. wedge is larger than the 1st which translates into a larger move if this pattern breakout delivers.
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