BITCOIN will a rise and rejection at 45k confirm this pattern?

It is not the first time of course that I compare the current market lows to the lows/ bottom of June - July 2021 (look for my previous studies, there are many on that subject). However it is the first time that I do so by using two unique indicators the VMC Cipher_A (courtesy of vumanchu) and MarketCipher B (courtesy of Crypto_Spike) with some adjustments. I've added patterns (wedges) and legs (1 - 6) that very clearly depict the striking similarities of Bitcoin's price action since January 2021.

As you see the price action from January 08 2021 to June 22 2021 (Wedge 1 (black), Wedge 2 (blue), Wedge 3 (orange)), is identical to that of September 07 2021 to today. If this holds indeed and history repeats, we seem to be on count (3) of Wedge 3. What's missing is a rise to (4) and roughly $45000, then retest of today's Support (count 5) and a rally that will break above the Wedge 3.

Do you think a rise and rejection at 45k will confirm the pattern and fulfil the low that's needed to break upwards into a new rally in February? Feel free to share your work and let me know in the comments section!



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