@rektcapital If the price breaks through the downward trend line, it will re-establish the upward trend line, further indicating the arrival of a bull market.
Bitcoin
this is how the last two bull markets started: with an impulsive move up, leaving an unfilled gap.
2019: $4,000 -> $68,000
2022: $17,000 -> $126,000
2026: $57,000 --> ?
To be clear: we still wait for increased spot activity and the weekly close. But this is already pretty impressive.
Congrats to everyone who stuck around and is still here.
Nobody wants to hear this but $BTC looks like it’s following the same script again.
Accumulation is done and we just got the manipulation spike with daily RSI back in overbought zone.
My base case is distribution from here followed by a deeper reset toward the low $50Ks.
$82K is the line in the sand for this setup. If we reclaim it cleanly I’ll reconsider the whole thesis.
@no_stocks_here That's true! You seem to have a lot of experience in the investment field. I also sent you a DM, did you see it? Perhaps we can exchange some experiences?