$BTC is now approaching the bottom range I called back in March: $48k–$54k.
I dont believe we will see $30k like many are expecting. 30k will be the new 12k which everyone waited for last cycle as bitcoin bottomed at 16k
Over the past few months:
• At $123k, I publicly called for a short.
• At $96k, I warned about the first bear flag.
• In the $80k range, I warned about the second bear flag which is playing out now.
One thing I got wrong was expecting one more relief rally into the $75k–$80k region before the flush but Bitcoin was simply too weak to even make it there.
The good news? We’re getting very close to the end of the pain.
Historically, when Bitcoin starts ranging near its cycle low, that’s when altcoins begin their explosive moves.
I believe we’re getting very close to that moment.
Check retweeted post below for reference 👇: