Bitcoin capitulation

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What we need to start an uptrend: breaking through the resistance line = trend reversal and the end of the bearish trend, which lasts more than 50 weeks, as I said in the previous global chart.

Bitcoin cycles + logistic curve = New bull run 2023-2025


Judging from the logarithmic chart, we are breaking through the global support zone and there will be a panic in the market, perhaps not only in the crypto market. We are approaching the support line of a large ascending channel.

Bitcoin - Global channel + Cycles


It will be accompanied by cascading, avalanche-forced liquidations of the long positions, the bankruptcy of funds, and so on.

We are coming close to the zone of our positions.
There is a possibility that the manipulator (exchanges) will make a short squeeze with a fake breakout of the resistance line before falling. They will collect liquidity from both sides, as it was in 2018 before the fall from 6 to 3.

スナップショット

The scenario fits the Wyckoff and Elliott concept.

 Wyckoff Method #2 Distribution Schematic


Wyckoffian logic


Bitcoin: reasons for some possible short-term fall



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