I warned about this $BITCOIN pump weeks ago â and the market is now showing signs of a descending channel pattern.
đ Potential Path: $79K â $83K (Fakeout) â $57K â $52K â $49K â $45K
This rally is starting to look less like the beginning of a new cycle and more like a textbook bull trap.
If the fakeout fails, BTC could resume its downward move toward the $45K cycle-bottom zone.