BitcoinShort
The cycle begun too early due to the monetary policy
In November, I assumed that Bitcoin would reach $64,000 as a new ATH. What did not happen: the correction.
A healthy bull market requires corrections. Bitcoin didn't have a single correction until it hit the ATH when the cycle began in May 2020. What didn't happen: the money printing machine.
Bitcoin is now in a short bear market with a possible low at 20k given the Wyckoff pattern. After that, we should all buckle up as the real parabolic cycle will start after this short bear market is over.
A healthy bull market requires corrections. Bitcoin didn't have a single correction until it hit the ATH when the cycle began in May 2020. What didn't happen: the money printing machine.
Bitcoin is now in a short bear market with a possible low at 20k given the Wyckoff pattern. After that, we should all buckle up as the real parabolic cycle will start after this short bear market is over.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.