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🚀🚀 Anatomy of a Bull Market: Bitcoin Roadmap to $70,000 Thanks to the bull and bear rallies, crypto analysts have always given their predictions about where the price of a crypto such as bitcoin might end up. For the most part, this is the norm, but one analyst took a deeper dive into the coin to conduct an in-depth analysis of Bitcoin's upward rally. The analysis touches on multiple indicators as well as the widespread acceptance that BTC has gained recently. Bitcoin Price is $ 70,000 The analysis shared on Tradingview shows a different aspect of the market that has not been used before. March August analyst, who passed by Arshevelev, describes the period between March and August as the 'Deceptive Phase', where most of the accumulation probably took place. Then the crypto entered the 'EW Channel', which seems to have served as a jumping-off point for the rally. From here, it was an easy ascent, reaching above the $34,000 mark. But this is where things start to get interesting. At this level, the analyst predicts a pullback in the price. This pullback from $34,000 causes the price to fall as low as $31,000 before the rally resumes. The end of this retest leads to the peak of the third wave, wh the price reaches $ 50,000 before retreating again. This brought the price down to the $35,000 mark once again to mark the fourth wave before jumping to the fifth wave again. Now, at this point, the analyst sees the 'Media Attention' coming into play (probably the mainstream and traditional financial media), and the takeoff from this level reaches $ 70,000. $BTC $ETH
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