#BITCOIN REPEATING 2022 BOTTOM PATTERN
If you think #Bitcoin is running straight to $112k+, you're ignoring what happened in 2022
Before the real parabolic leg begins, history shows we almost always get a mid-range flush to wipe out late longs
Here is the exact setup to watch:
1. Retrace -> pullback down to ~$70k to sweep mid-range liquidity
2. Base -> building a re-accumulation floor around support
3. Target -> vertical leg opening the path to $112k+
A sweep down to ~$70k clears the leverage without breaking the macro bull trend
If buyers defend that ~$70k floor and re-accumulation holds, odds favor the macro rally to $112k
If you think #Bitcoin is running straight to $112k+, you're ignoring what happened in 2022
Before the real parabolic leg begins, history shows we almost always get a mid-range flush to wipe out late longs
Here is the exact setup to watch:
1. Retrace -> pullback down to ~$70k to sweep mid-range liquidity
2. Base -> building a re-accumulation floor around support
3. Target -> vertical leg opening the path to $112k+
A sweep down to ~$70k clears the leverage without breaking the macro bull trend
If buyers defend that ~$70k floor and re-accumulation holds, odds favor the macro rally to $112k