Based on past Fibonacci retracement data during previous market cycles, it is conceivable that the Bull Market All-Time-High for Bitcoin has already arrived at $69,000.00. If this is the case (and it appears that it may well be), it is also reasonably possible that the missing "blow-off-top" alt-coin surge may still occur during the upward retracement attempt of...
Here is what could happen before the Bitcoin price drops into the typical bear-market abyss.
It took from April 14th, 2021 to November 10th, 2021 (about 7 months) to travel from peak to peak in this parallel channel. Hopefully, we have already bottomed, but, if not, we could bounce with good volume at the bottom of this channel (around $32,000) should price continue to the downside. It is possible, based upon past price action within this parallel...