Double Excess Phase Peak In Bitcoin - Seeking A Bottom

Back in 2021, I warned of an Excess Phase Peak pattern that may setup in Bitcoin. What I didn't see happening was a DOUBLE Excess Phase Peak pattern setting up.

This DOUBLE Excess Phase Peak pattern suggests the 30k to 34k price level in Bitcoin became extended critical support as price continued to navigate through the 5 Excess Phase Peak triggers.

Because price has recently broken below the 30k to 34k critical support, the current price phase is a downward slide while price attempt to find an ultimate bottom (a true bottom).

My expectations are that the $9500 level is where Bitcoin will ultimately find a bottom. Time will tell.

Ultimately, the US/Global markets may follow a similar pattern as we are seeing a global revaluation take place.

Follow my research.