Updated Wyckoff Scenario Based on New Data and Trends
- The Selling Climax at the Sign of Weakness (SOW) is now complete. - Next stage is the retake of the mid-range (still at $64,500). - Bitcoin's price is expected to experience an upward thrust during the western summer, reaching a new all-time high (ATH) of $79,000. - Phase B is projected to conclude by the end of 2024. - A breakdown from the current structure is anticipated around mid-2025.
ALTs are expected to perform well over the next few months, hitting their Q1 head and shoulders (H&S) sell targets last week.
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