Notably, Bitcoin operated within a 22% exact range between 38k and 46k for 65 days, from December 2023 to mid-February 2024. A similar pattern is visible since Bitcoin has been moving in a 23% exact range between 60k and 72k for 65 days. This similarity suggests that Bitcoin is repeating its past behaviour and may follow the pattern it demonstrated on April 8th. 

It is crucial to seize the opportunity presented by Bitcoin’s recent bullish sideways trend. This trend has led to a significant 50% increase in value, propelling the cryptocurrency from the mid-45k range to an all-time high of 68k in a relatively short span. These promising developments indicate that Bitcoin’s current sideways movement is likely to persist and reflect a bullish pattern, potentially offering profitable opportunities for investors.

Despite the current market that appears to be stagnant and devoid of any significant movement, it is evident that a massive bull flag has formed on the daily chart. It is only a matter of time before a significant upward trend occurs. This is an opportune time to buy, although most people tend to wait until a breakout from the bull flag occurs before making any purchases. However, some significant investors, including Tether, are already printing and preparing to take advantage of this opportunity.

 According to recent reports, Tether USDT has augmented its supply by over 8% within the past 60 days. It is imperative to adhere to the factual information. Bitcoin, as of late, has attained an all-time high of $74,000 with a USDT market capitalization of $102 billion. Nevertheless, over the course of 60 days, the USDT market capitalization has surged to $110.5 billion, while Bitcoin has remained within the confines of the 60-72k range. This suggests that significant players expect and make arrangements for the upcoming super cycle. For the past three months, I have been predicting the start of the supercycle after 72k, and it is now evident why Tether is printing and making preparations. The existing range is intended for accumulation, and what follows will be a momentous surge that is currently in progress.

The upcoming FOMC meeting, scheduled for May 1st (Wednesday), is widely expected to yield no changes, with a staggering 97% market consensus. However, it is essential to stay informed as volatility may arise from Powell’s speech. This knowledge equips you with the necessary preparation to navigate potential market shifts, fostering a sense of confidence in your investment decisions.