A lot of people have turned very bearish since the correction is lasting much longer than people thought, along with a weird correction pattern that isn't very common in a wave 2 I'm turning to a longer term triangle pattern in the making. in terms of a EW from the inception of BTC we seem to be in a wave 4 and triangles are very common and an ascending triangle gives us the low is in at 3k and a multi year side way correction. With the halving coming soon around May, I believe another multi month bull cycle seems to make the most sense taking us to our last ATH around 20k. I believe there will be a relief rally for Alts shortly with another capitulation and another bigger relief rally before really capitulating and finding a new low before the true Alt season starts later half of next year.
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