I believe these indicators demonstrate that the worst of the bear market is essentially over. Those with weak willpower cut their losses when the price crosses below a death cross, while smart money quietly buys in at that time
I believe that in every cycle, there are people trying to time the exact market bottom, just as there are those who miss out on opportunities while waiting for lower prices. When you look at a 5-10 year long-term vision, there is no difference between $45,000 and $60,000
$BTC bottomed after 87% dump in 2015.
Bitcoin bottomed after 84% dump in 2018.
BTC bottomed after 78% dump in 2022.
And people are now thinking we'll bottom after a 50% drop.
IMO, Bitcoin will have at least a 60%-65% dump this time before the bottom.
$BTC bottomed after 87% dump in 2015.
Bitcoin bottomed after 84% dump in 2018.
BTC bottomed after 78% dump in 2022.
And people are now thinking we'll bottom after a 50% drop.
IMO, Bitcoin will have at least a 60%-65% dump this time before the bottom.
While I believe historical data offers valuable reference, this cycle exhibits completely different structural dynamics due to the support from institutional spot ETFs and corporate treasuries. This time, the liquidity bottom may be even higher
$BTC bottomed 34% below 200W MA last cycle.
Even a 20% drop below 200W MA this time will send Bitcoin to $50,000.
IMO, this is the zone Bitcoin will tap before any major reversal.
$BTC bottomed 34% below 200W MA last cycle.
Even a 20% drop below 200W MA this time will send Bitcoin to $50,000.
IMO, this is the zone Bitcoin will tap before any major reversal.
Lines can be drawn in 100 different ways, but the fundamentals of bitcoin:native remain untouched. Block by block, the network is stronger than ever. The noise fades, the HODL remains
Bitcoin is holding well during this massive sell off in tech stocks.
$BTC: +2.35%
$MSFT: -2.87%
$META: -2.71%
$AMZN: -4.44%
$GOOG: -5.92%
$SPCX: -7.00%
Letβs see if we still have the usual Monday dump later today or if this time itβs different.
Bitcoin is holding well during this massive sell off in tech stocks.
$BTC: +2.35%
$MSFT: -2.87%
$META: -2.71%
$AMZN: -4.44%
$GOOG: -5.92%
$SPCX: -7.00%
Letβs see if we still have the usual Monday dump later today or if this time itβs different.