Bitcoin was predicted to backtest the 20-week Simple Moving Average (SMA) in August/September 2024. If it follows the 2023 pattern, it would break through and experience a Q4 rally. If it gets rejected (like 2019), it would put in a lower low.
"if it plays out like 2019 2023 then you would expect some form of a back test of the 20we SMA at some point within the next couple of months... and then the question is does it break through or does it get rejected... if it played out like 2023 then you don't get rejected by the bullmark sport band and then you just get a Q4 rally kind of like we did last year"