BTC Long-Term Analysis – A Similar Pattern Is Repeating
The same cyclical pattern is historically repeating on the chart.
In the previous major move, after liquidity was taken at the bottom, price broke out of a strong Order Block zone and the rally began.
A similar pattern is forming now.
Price dipped below the previous swing low area, clearing liquidity.
Although this move may seem “discouraging” to long-term investors, technically it has the same characteristics as previous cycles.
Short-term traders continue to battle in this area; buying and selling pressure is high, and volatility persists.
However, the bigger picture remains intact.
This is not investment advice, only an analysis of technical similarities.
#Bitcoin
The same cyclical pattern is historically repeating on the chart.
In the previous major move, after liquidity was taken at the bottom, price broke out of a strong Order Block zone and the rally began.
A similar pattern is forming now.
Price dipped below the previous swing low area, clearing liquidity.
Although this move may seem “discouraging” to long-term investors, technically it has the same characteristics as previous cycles.
Short-term traders continue to battle in this area; buying and selling pressure is high, and volatility persists.
However, the bigger picture remains intact.
This is not investment advice, only an analysis of technical similarities.
#Bitcoin
