Bitcoin 5.5 Yr Pattern Or Coincidence?

5 thg 1, 2021

Look at this long term macro price action analysis using 1 month candles for BTCUSD. Notice the repeating pattern of the bullish impulses that end and result in the increasing floor of the price as it drops and closes the monthly candles. Each floor has been equally distanced apart. If BTC follows this 5.5 year pattern, we can expect to see BTC as $9600-$9800 range again, establishing a new higher floor level for the continuation of the macro uptrend.

What do you think? Pure coincidence?

Look at it and you tell me....