#Bitcoin

The macro pattern that's hiding in plain sight

I'm usually skeptical of these big picture charts. Most "patterns" are just hopium dressed up with fancy lines.

But this one actually makes me pay attention.

We just completed a textbook cup and handle on the multi-year timeframe. And I mean textbook - complete with the retest that nobody wanted to see but everyone needed (what happens after multi-year breakouts can be seen with XRP e.g. although I personally have no interest in the coin, but it's a good example)

The breakout happened. The 4-year resistance finally cracked. We even got that brutal retest that shook out the weak hands.

If we look at projections, this would be pointing to ~300k as the optimistic cycle target.

Do I think we'll actually hit 300k? Probably not. I shared some targets earlier based on Fib. extensions - also, the market loves to disappoint the most bullish scenarios.

But honestly, 170k - 200k is absolutely on the table. Of course, this will happen stepwise, but it definitely looks like a realistic target.

Back to the Breakout pattern with the retest: The pattern is so clean it should be obvious. Yet somehow, most people will still miss it (the famous: when in doubt, zoom out)