Bitcoin - In Q4 Will Reach $11k To $13k

As counterintuitive as it sounds, the repeated tests of support we recently gave seen near 18k are a sign of weakness from Bitcoin. The more it revisits the area, the more probable the breakdown is.

At the same time the price is trading inside a massive falling wedge pattern, which will complete in Q1 2023. The end of the pattern is at confluence with the 2019 high at $11,000. What happens is, if Bitcoin continues to trade inside the pattern in a not very long amount of time (100-120 days from now) will fall again. Even more interesting is that between 11-13k is where now also two important diagonals support pass.

For those that predict BTC to be above 60K soon, even 30k, I see none of that occurring for at least 6 months from now. The trend isn't over yet and one way or another Bitcoin will reach 11k to 13k in Q4, or at the latest in Q1 2023.

Appreciate you support!

See you in the next one...