BTC in accumulation cycle in coming months
Bitcoin / USD FTX:BTCUSD
Key takeaways:
- Bitcoin entered accumulation phase for several months;
- Bottom can be as low as 10k, due to recession and other external factors;
- Big resistances at 30k, 40k and 50k (see resistance and support lines);
- Bitcoin halving Mar 2024 will cause a new bull-run ;
- Disclaimer: If Bitcoin ETF will be approved, major upside will be inevitable. causing the premature exiting of the accumulation cycle.
