Accumulation in progress, bear shake out in progress.
We will take a dip down near the low $8k region before buyers pump prices to the low $9k region, dip down to the mid $8k region then pump to the $11.4k level effectively breaking out of the orange triangle consolidation.
Then dip back down to the high $9k / low $10k region before pumping up for new highs near $16k effectively breaking out of the blue triangle, followed by a 6 month retracement to the 0.618 fib show on the right hand side.
Patience is key.
We will take a dip down near the low $8k region before buyers pump prices to the low $9k region, dip down to the mid $8k region then pump to the $11.4k level effectively breaking out of the orange triangle consolidation.
Then dip back down to the high $9k / low $10k region before pumping up for new highs near $16k effectively breaking out of the blue triangle, followed by a 6 month retracement to the 0.618 fib show on the right hand side.
Patience is key.