$BTC 11 days ago I wrote an article in which I indicated $111,200 as a mandatory level in the current growth cycle.
Today the price is $111,880, and I want to supplement my previous article with this note.
1. The minimum growth program for BTC has already been fulfilled.
2. Now is a very complex level: either the price will go into correction to $93K by autumn, or it will test $119K–124K.
3. The probability of both scenarios is 50/50.
4. If the price goes into summer correction to $93K, then probably the market is waiting for the last wave of growth in autumn.
5. If the price continues to move to $119K–124K, then perhaps the last wave of growth will happen in summer, and a recession will begin in autumn.
In any case, the current behavior of the market resembles the Wyckoff distribution pattern, and the growth now is a test of the level before the last manipulation.
I also wrote a note yesterday about the greed index, where I suggested that its peak value in the current growth wave will be 82–83.
Today greed is at 73.
I think that until next week, the price will at least be held at the current level, greed will be heated up, and the "blood on the market" will start in 1–2 weeks.
All of this is just assumptions and preparation for different scenarios of development.
What do you think about the current and upcoming scenario regarding #BTC ?
