BTC in accumulation cycle in coming months

Bitcoin / USD FTX:BTCUSD

Melroy89

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.

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