One last shake out to complete W pattern: target 100k, 2022/3?

19 Mar 2022

After trending down strongly since November all time highs, an ascending triangle has form off of the $35,000 level as initial support. This formation indicates likely continuation to the downside. Very strong support at the $30,000 could provide opportunity for a trend reversal which could help complete a double touch W pattern on the daily, indicating a time for bulls to become aggressive, provided the US market continues to turn risk on this year. The breakout target for completing this, highly speculative, perfect future W pattern puts BTC price just above 100,000 by 2023 possibly even late 2022. Already strong BTC fundamentals seem to be helping bulls hold the line currently. Could news of declining inflation numbers be hopefully reported later this year, acting as the catalyst that launches us towards new all time highs? Or is there an impending financial event that pushes markets further to the downside, negating the W pattern all together?