Analyzed the Bitcoin and SPX 500 chart. Noticed a very strong similarity between bitcoin movement and SPX history.
For 400 days now, bitcoin has been moving in the $20-60k range. If this is indeed an accumulation and bitcoin is moving in the SPX scenario, there may be another wave of decline. Where will be the best place to buy it. In case the upper end of the range is breached, bitcoin is very likely to reach the 100k mark or higher.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.