Bitcoins Chaotic Week Update To My Prediction!
During the past weekend I have boldly stated to prepare for a chaotic week for the BTC price! I said there will be a pump to $29-$30k area and dump to $25-$26k with a ascending triangle buildup of another attempt to break $30k
From what I have observed - Bitcoin has reached $28,500 and has come down as low as $27,300 and has been building a ascending triangle on hourly timeframe! This pattern is to break around 23rd-24th of March!
Bitcoin seem to follow the basis of my prediction but with tighter range of volatility. That means Bitcoin is getting a squeeze and the breakout is usually more volatile!
I think people are looking up to any news regarding any bank collapse or anything in favor of Bitcoin!
We can not tell for sure where the current pump comes from, does it come from outside cash or from other cryptos (mainly USDC, USDT, etc.) Maybe there is a way to find out? If you know, please do let us know in the comments below!
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