So far, $BTC is playing out exactly like it did last bear market.
After a big pump off the cycle lows, it dropped to tag the 200-day MA, just like it did back in March 2023.
Will it go lower? Based on the ugliness of stocks at the moment, I would not rule that out in the very short term.
However, the stock market has seen a recent, sharp, and rapid sell-off. Thus, stocks could be seeing a bounce soon-- perhaps sometime mid next week, and that could carry BTC up with it. So, we may be getting close to putting in our lower high for BTC!
International talks aimed at drafting the main principles for a future settlement to the war in #Ukraine continued in #Jeddah, Saudi Arabia on August 6. https://t.co/USrGNocJm0