This circle is an old one. Bitcoin has been behaving accordingly for a very long time. However, this is just one aspect of Bitcoin. The fundamental issue here is that the world is changing, and it's changing with increasing momentum. Our entire financial system is about to enter an evolutionary phase. The dollar is going to lose its crown, and the Western world...
Those circles are coming from a long way. Personally, I don't think that we are about to go down the abyss. But the pressure is strong.
Since DXY is rising up, the fall seems inevitable. It looks very ugly. I believe in bitcoin, but I can't say the same for altcoins. Good luck for all of us.
According to the fib circles time is up. I guess we will see a decision soon.
It has made a vortex. It's supposed to go up, but who knows. That is a very critical time for bitcoin. It is the time it has to prove itself against the inflation.
I am not sure if it would go beyond 52k but it looks nice.
I haven't published any thoughts before. This is just an experiment. Go easy on me :)