$BTC
š§ 4-YEAR CYCLES ARE NOT GONE?
Many people were assuming that institutionals might have changed the classic 4-year cycle that we all get used to in crypto.
However, times proves this guess was completely wrong. At the end of the current cycle Bitcoin is breaking crucial supports one by one and entering a bear market. The same happened back in the end of 2021.
At the moment $BTC is forming an ascending channel with the top near $100,000 - $104,000, you can see a clear Right Shoulder of H&S in this move.
š Something similar happened in the beginning of 2022. A long and heavy dump appeared afterwards, we await one now as well. The bottom should be around previous accumulation zone (above $55,000, mainly above $60,000).
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