BitcoinLong
Repeat of 2021 Spring and Summer - Opinion - Wykoff W2 Complete
With everyone looking at crazy odd-ball prices from analyst gurus screaming 200k+ I can't help but look at the chart and remember how earlier this year was exactly the same. Everyone starts losing their mind when bitcoin pumps 10%-20% citing these ridiculous long term analysis prices in the short term. We have not reached 74k yet like we need to for Plan B's prediction. Instead we dumped to validate a second peak of the now infamously accurate Wykoff Pattern. If we do end at 74k this month, the brief hopium might push the price to 80k+ before dipping again into the wykoff pattern. At this point, the greater masses will see that they have been duped again and will do everything in their power to pump the price for the 4th and final Wykoff phase before dumping everything. It won't reach the top of peak 3 again, that will be the top for the next several months.
All that said, bitcoin can still rise in the long term of this coming year. Be reasonable.
All that said, bitcoin can still rise in the long term of this coming year. Be reasonable.
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