Zoom out and the chart remains the same... keep it simple and stick to this ABC Pattern structure for BTCUSD. We are slowly edging towards the point of no return. Eventually, these prices will be unattainable. The supply of Bitcoin is shrinking but no one is noticing. Coinbase is issuing Bitcoin IOUs... why? Because they don't have enough Bitcoin to distribute to the big money they are asking for. When demand outweighs supply for too long what will happen to the price of that supply? Think COVID and supply chain issues... what happened to the price of basic goods that everyone needed and also the goods that people wanted like semiconductors. Pure eruption. Don't be surprised if Bitcoin doubles it price in a few weeks span when this rigmarole ends.
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