the title speaks for itself
These are the possibilities for btc after we hit 22k. We can rally from 22k to a new ath OR we can reject the previous massive support at 33k to meet 13k the longterm BTC support. As of now it is uncertain where it will go after PA reaches 22k. I will long 22k and take profit around 33k and watch for a rejection or if we break resistance, I will place another...
Here's where I expect the cryptocurrency will bounce. I expect we bottom at around April with btc's price at 22k-25k. Make sure you don't get infected by the fud and buy every coin with worth at around that area.
We see bitcoin rallying twice to the same supposed support which the new ath rally would occur (Yellow Bar.) After testing to break out twice with even a massive inverse head and shoulders pattern occurring on the daily time frame we were rejected both times. What does this tell us? It tells us Bitcoin is in favor of a move down from here with a double top...
The real bear market is about to peak its head unto crypto... and boy does it have an ugly face. For context, the pitchfork is measured using the start of the downtrend at 70k using the daily candle chart. The Fibonacci retracement is measured using daily's previous price action most notably it's bounces.