Bitcoin is potentially forming an Adam and Eve structure.
In this scenario, the Adam phase may retest $62k before a move to $70,800.
The Eve phase typically forms over an extended period with less volatility for Bitcoin but potentially a bearish period for altcoins.
This is just a potential scenario at this stage.
Best Hard Forky
In this scenario, the Adam phase may retest $62k before a move to $70,800.
The Eve phase typically forms over an extended period with less volatility for Bitcoin but potentially a bearish period for altcoins.
This is just a potential scenario at this stage.
Best Hard Forky
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Watching for a local rejection at $68,000 to validate if we will see a move back to $62k
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Drop looks confirmed
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confirmed
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long
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expected path -
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adjusted path with latest data
Sunday push up
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first mark -
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short op inbound -
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still expecting the move to the 3rd target
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risk of flash sale -
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final move up
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bottomed
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minor update - final long to target
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deviation and no short entry reached - possibly in larger Wyckoff distribution pattern possible
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New scenario pivot: