BTCUSD
Bitcoin is currently printing a beautiful H&S pattern on the 1D chart in combo with starting a ABC correction from our 5 wave run up that just completed dating all the way back to March 2020. The Size of the H&S calls for price to retest prior ATH of $20k (which has happened in every Bitcoin bull market so far) sometime in April/May timeframe. At that point, I do believe that is the last chance to accumulate this asset at such low prices.
I expect the recent Tether FUD to also be a anchor on Bitcoin price in the short term as most saw the settlement with the NY AG as bullish, if you read the document carefully it sounds more bearish than anything.
The coming months are going to be choppy with some quick elevators down, but that also means lifetime buying opportunities.
- PennyBags
Comment:
what do you know, a perfect H&S playing out