Why these years on my profile background?
πΉ1971 β End of the gold standard, fiat detached from gold.
πΉ2008 β Satoshiβs Bitcoin whitepaper.
πΉ2010 β First real world Bitcoin purchase.
From broken money to digital freedom. #Bitcoin
Looks like #BTC is getting squeezed between the Bear Market Resistance Band and the 200W SMA.
A decisive move down later this year, while initially scary, would likely just set up the market cycle bottom for Bitcoin in Q4 2026.
I tend to think that the bottom for bitcoin:native has already been formed.
We have two monthly candles with long lower wicks in this zone, which signal a potential bottom.
#BTC
We have roughly the same range as before, about 60 days, and then the trend gets decided in the following 7 days.
Support zones: if 62β65k is lost, the next level is around 50k. If it holds, it means the trend isnβt downward, similar to the previous range between 80β98k.