Bitcoin Bearish Butterfly Scenario

BTC/USD COINBASE:BTCUSD

Akamer-the-Werewolf

Looking at this daily chart it seems that Bitcoin could be forming a Bearish Butterfly harmonic .

My whiskers are telling me that if this Bearish Butterfly develops then we could see new all time highs by May/June.

The minimum D point would be about $78,504 and the top range of the PCZ would be at the 1.618 XA, around
$90,963.06.

For me, once we get above $45,855 (B) I will feel more comfortable with this pattern and be looking for a retest of the previous ATH and a potential breakout above it to test the numbers of the PCZ of the Bearish Butterfly .

What do you think?

Owhooooo!

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