BTCUSDT - Expected to take on new cycle where current resistance zone of 40,221 shall become new support zone within 1.5 year retraction cycle setting Highest High as a new resistance zone for next 4 year cycle.
Fractals are undeniably right and looks like bitcoin is to take another low dip towards 13k mark and from there it would set new support level to head slowly towards 72k mark. BYBIT:BTCUSD
Our market analysis shows that we have reached end of the BTC-DEAD cycle period for BTCUSDT pair . Green line indicates strong oversold consonant with blue line which indicates demand for SHORT positions in the market is reducing proportionaly. The symmetry alights over weekly period for Price Action of the Asset hence indicating strong market reversal is...
It appears that #BTC is nearing is entropies' final state and about to embark on slow harmonic rise with lower volatility cycles as evident from historical data analysis.
Looks like we are ending the bearish cycle with final "Head" formation in the new lows zone and then shoot for 26k mark and recover from 22k support.