Bitcoin draws the similar to 2020 pattern. What is this pattern?
1. Dump from the highs by -15-20%
2. Creating the High(H)-Low(L)-Higher Low (HL)-Lower High(LH)-HL-LH structure or a simple triangle before the breakout.
3. Psychological pressure on retail or FUD:
2020: Dump of Bitcoin below 3k
2023: Binance and ETF FUD
The small diference is the Lower lows (LL) in 2023 (now) and Higher lows in 2020. I think this was just the manipulation by the "whales" to trap the retailers and collect more liquidity.
It's clear that ETF will be aproved when no one expect it. I think that the targets for BTC will not be higher then $34-40k. Altcoins will pump by 3-10x depeneds on your portfolio. Such major news (aplies of ETF etc.) always finish the growth of Bitcoin.
$34-40k will be a local highs before the -40-50% pullback and continuation of the parabolic growth during the 2024.
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