BTCUSD is cruising on the 1W time frame as its technicals stabilized on steady bullish action (RSI = 61.246, MACD = 1832.600, ADX = 31.118) and looks ready for the next price push to 40,000. Based on the Wyckoff methodology, the current Re-accumulation phase could be as prolonged as the Accumulation of July 2022 - February 2023. The Buy Accumulation phases of 2021 as well as the Sell Accumulation phases of 2022 have been quite proportional in duration and length.
Obviously, the last Buy Accumulation of 2022 was stretched by the FTX crash in November, which added an extra 2 months to the market recovery. Still, that is a possibility to see the current Re-accumulation phase extending another 100%, before hitting 40k.
Do you think it will be the short or the long road to 40k eventually?
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Obviously, the last Buy Accumulation of 2022 was stretched by the FTX crash in November, which added an extra 2 months to the market recovery. Still, that is a possibility to see the current Re-accumulation phase extending another 100%, before hitting 40k.
Do you think it will be the short or the long road to 40k eventually?
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
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Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
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