Megaphone Pattern in Bitcoin!! What does this Mean??

Bitcoin looks like it is forming a megaphone pattern. This is a make-or-break for BTC in the near future, as vertex 4 is meeting the lower bound of the megaphone as well as intersecting with a support level at $52.8K. If we see support here, we will fill out the rest of the pattern, which would take us to new all time highs around $60K exactly. If we break down, we should see a lot of momentum and retrace through the vacuum zone to $49.7K. We are still bullish of BTC and cryptos in general but technical retracements and selloffs do happen.

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Hit our levels perfectly!! Got in at $48.4K 😎