#BTC
In 2021, Bitcoin generated almost +100% in the highest overextension beyond the Macro Descending Triangle base
The smallest rebound before breakdown was however ~half of that highest rally (+39%), typical of a weakening support before complete lapse
In this cycle, the highest rally beyond the Macro Descending Triangle base was +52%
If history is to repeat with a relief rebound from current levels, it would likely be the smallest rebound before potential breakdown
And that rally would be ~half of the highest rally (~20%) which would see price reject at the Macro Downtrend (black)
$BTC #Crypto #Bitcoin
#BTC
Bitcoin has successfully retested the Downtrend as new support so far
But for BTC to breakout into trend continuation, it needs to Daily Close above green resistance & retest it as support
Green is ~$85330 & is confluent with the 50-EMA (purple)
$BTC #Crypto#Bitcoin
JUST IN: 🇺🇸 Crypto Czar David Sacks says the "US will not sell any Bitcoin deposited into the reserve. It will be kept as a store of value"
"The reserve is like a digital Fort Knox for the cryptocurrency often called digital gold."