Long

Bitcoin Long term view

Updated

Take a step back

Trade active

Analysis based on last bear market wyckoff structure and up coming events.

- Price needs to get back to orange box in 1-2 wks, it took 6-7 days in the last cycle (or heading 3k and invalidate this completely)

- Stay in accumulation range for 2-3 months with key events like Bakkt launch, VanEck ETF and MtGox distribution (4800-6000)

- Breakout in 3-6 months is conservative estimate.

Note

Note: It would requires some black swan even like MtGox distribution sell or Bitfinex take down to send it below 3K

speedmax

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