When Bitcoin made its initial climb back at the end of 2020 into 2021 past the $20k resistance it left a huge gap and to this day it remains untested. That’s the green zone. That means there is a good majority of people that are still holding profits from that climb in that area and BTC is one money hungry grabbing machine. I don’t see why this -what seems to be- bearish pattern wouldn’t complete to fill the void to collect the money from the area before it goes on the super cycle everyone is anticipating. The market makers, media, banks…. the devil I dare say need to collect your money to buy and think this area is like an ocean of cash because the majority of the last remaining however many percent left holding would tap out here giving BTC the energy to make a new ATH.
This is not financial advice. It’s simply an observation and perspective. I’m not a financial advisor or professional trader. I just like to look at charts a lot. I DO NOT suggest anyone to take this to heart or in their plans but to see. Anything is possible. NOBODY knows what’s going to happen next in any market so it’s best to keep an open mind and consider all possibilities before making your plans and decisions.