BTC has a reason to be accumulated strongly
too bored;DR: Bitcoin will make a rise to 52K, probably.
Bitcoin has formed a pattern that looks similar to a symmetrical triangle. Now that it has broken the upper resistance and retraced quite a bit to the "golden pocket" zone, Bitcoin definitely has the chance to rally to at least 52K. After that, there could be a chance Bitcoin will retrace back to 46K-48K before forming an ascending triangle that, if bullish, will likely retest the "near-ATH-point" 64K.
That temporary downtrend likely is to make investors panic and close their positions, while market makers accumulate. Don't be like those investors and accumulate like those market makers.
Bitcoin has formed a pattern that looks similar to a symmetrical triangle. Now that it has broken the upper resistance and retraced quite a bit to the "golden pocket" zone, Bitcoin definitely has the chance to rally to at least 52K. After that, there could be a chance Bitcoin will retrace back to 46K-48K before forming an ascending triangle that, if bullish, will likely retest the "near-ATH-point" 64K.
That temporary downtrend likely is to make investors panic and close their positions, while market makers accumulate. Don't be like those investors and accumulate like those market makers.