It's based on Hive's one month chart, and also the fact that we've been trading sideways at this high level for a while.
I'm also going of historical evidence from 2017 when Bitcoin and virtually every asset behaved in this similar pattern. At that time, Bitcoin shot up to over $20k and set a new ATH.
Naturally, nothing is set in stone in this market. So while you're gearing up for a bull market, you have to prepare for the worst.
I already feel like this is the worst, so I am pretty good :) I guess I need to look at trigger points instead of actual dates.
If this is the worst, then we're eating Gucci real soon.
Time will tell
That's the plan!