BTC UPDATE! BULL RUN IS NOT OVER YET!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC/USD update. I know this is a tough time for every one of us but don't ever think to quit guys. I know many of you lost a good amount of money in yesterday's dump but the game is not over yet and we will again make that money. You just need to stay in the game.
Now let's get to the chart. Here I draw two triangles in the weekly time frame. The first triangle (bigger one) is from 2018 to 2020. In 2020 we see a breakout and after the retest, BTC pumps 500%.
The same triangle pattern is forming in 2021-2022 and it's already broken out and currently retesting it. After this retest, BTC starts its bull mode and we might see 150k-200k by the end of 2022.
Currently, BTC repeating the same price action that we saw in April-May of 2021 when BTC consolidates at $30k for a few months, and after that, it pumps all the way to a new ATH. Now BTC consolidates at $40k for a few months and when this consolidation is over we definitely see a new ATH.
Remember when everyone leaves hopes and many people start thinking that Bull run is over that is the time to buy. If you look at the On-chain data a third largest whale accumulates every single dip for months. So definitely he is not an idiot.
Currently, a very important level to watch right now is $40k. BTC must not break and close its weekly candle below $40k. If this happens then this chart becomes invalid.
I hope you like my analysis. I'll try my best to understand you in a very simple way.
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