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bitcoin:native monthly outlook.
ppl already calling 77k the bottom without looking at the chart. it isn't...
every major btc reversal happened after a liquidity sweep of the prior significant low/high. that's the pattern till now market following, it’s not my opinion.
last cycle btc top was at 69k swept the range bear rally started. exact same pattern around 15k bottom.
if we look at this cycle btc currently sitting at 77k, and 60k monthly low still untouched.
for better confirmation look at quarter returns.
q1 23 (post-capitulation) than ripped +70%. current quarter?
sideways chop, lower highs. that's not the scenario of accumulation, that's distribution.
bullish momentum doesn't show up because ppl want it. it shows up after the sweep clears out the late longs.
60k first.
then we talk.
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