The chart shows successive Wyckoff accumulation and allocation cycles linked together. If this trend continues, Bitcoin could reach the 50,000-52,000 level by the end of May 2024.
But the pattern has actually been going on since early March. Accumulation versus distribution, time and time again, may now be a downtrend or start a three-month bearish trend, such as May 2021 to July 2021.
But the pattern has actually been going on since early March. Accumulation versus distribution, time and time again, may now be a downtrend or start a three-month bearish trend, such as May 2021 to July 2021.
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