Double Excess Phase Peak In Bitcoin - Seeking A BottomBack in 2021, I warned of an Excess Phase Peak pattern that may setup in Bitcoin. What I didn't see happening was a DOUBLE Excess Phase Peak pattern setting up.
This DOUBLE Excess Phase Peak pattern suggests the $30k to $34k price level in Bitcoin became extended critical support as price continued to navigate through the 5 Excess Phase Peak triggers.
Because price has recently broken below the $30k to $34k critical support, the current price phase is a downward slide while price attempt to find an ultimate bottom (a true bottom).
My expectations are that the $9500 level is where Bitcoin will ultimately find a bottom. Time will tell.
Ultimately, the US/Global markets may follow a similar pattern as we are seeing a global revaluation take place.
Follow my research.
