A clear pattern from previous bear market rallies is repeating.

10 thg 12, 2023

Bear market rallies in bot 2015 and 2019 both recovered 70% of losses before revisiting lows prior to bull runs. Considering the duration of the current rally and continuing resets of the RSI on lower time frames, I think history tells us we can expect a repeat of these previous rallies to front run the recessionary pull back of the other indices.A 70% recovery puts BTC somewhere around 53K so be prepared for an unexpected pump that hits targets anywhere from 48 to 53K prior to a quick sell off once the target price is reached. I have a "you are here" arrow on the 2019 rally shown on the daily TF with Fibonacci levels to give an approximation of where we are in the current trend.