It looks like Livermor's Accumulation Cylinder is in play for Bitcoin/USD. If this is correct, then the first major impact is, that Bitcoin/USD likely has peaked for now and a decline to 67,500 and maybe even as low as 37,700 should be expected in the coming years.
As bad as that may sound for the Bulls the future implication for Bitcoin/USD is super bullish as once point 7 in Livermore's Accumulation Cylinder is complete a major rally to at least USD 300,000 should be expected.
That said it will take a break below support at 98,240 to confirm that a top is in place and a major correction towards 67,500 unfolding.
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