Bitcoin Poised for 50% Correction
Based on the analysis of historical fractals from 2017, 2019, and 2021, it is anticipated that Bitcoin will undergo a 50% correction, entering a cooling-off period likely between April and May. One might wonder how we can ascertain that this represents a market peak. The answer lies in the consistent pattern observed across all Bitcoin tops, where a double top formation on the weekly RSI (Relative Strength Index) emerges, precisely what we are witnessing currently. Additionally, another indicator that suggests we have reached the market peak is the explosive growth of meme coins such as Bonk, Pepe, Doge, and others. Their significant upsurge often coincides with market tops, providing further evidence to support the prediction of an impending correction.
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