Checking out the $BTC charts, it’s pretty wild how much this pattern is lining up with what we saw in 2017 and 2021. History really does seem to rhyme, and it feels like we're right on track with my earlier thesis.
I think that recent upward move was just the final leg of a bull trap playing out. My conviction is still that $BTC will eventually find its true bottom around $28,000 before the next major bull run gets going. Keep an eye on $ETH and $SOL too, usually follows the leader.
So, looking at the immediate term, there are a couple of ways this could unfold. We might see a quick push towards $48K within the next few days, or we could be looking at a direct path to $28K by August.
Are you genuinely prepared for either of those scenarios?