Bitcoin just keeps repeating similar pattern after similar pattern

We all know how much bitcoin likes to repeat itself, and it looks like it is doing it again right now.

The prior pullback from $42k lasted about 29 days.

We are now 26 days into the current pullback/consolidation.

Check it out:

(Source: https://twitter.com/BTC_Archive/status/1373322181229350913/photo/1)

And looking at the above chart it looks very likely that we breakout to new all time highs within the next few days.

Stimulus checks are continuing to roll out, unemployment insurance was extended, and the economy is starting to open back up.

It is a good environment for bitcoin to do well in.

I suspect this will lead us to a double from the prior lows, which was around $42k, so around $84k, which will be right around the time the government launches their fiscal stimulus plan.

And that will be the fuel that pushes bitcoin over that $100k number if we are not there already.

Stay informed my friends.

-Doc