$BTC The Bear Market Bottom 🔨
The 0.75-0.786 Fib is located at $39,100-$43,100
That is around a 70% pullback from the cycle top, aligning with the idea of diminishing losses as BTC matures
I think that will be where bitcoin bottoms, and NOT at 60-70k as most are expecting
bitcoin:native As we finally tag the 200W SMA, I can’t help but wonder is the bottom actually in?
$62k seems like a good long-term buy, but only if you are willing to lose up to 30% from here
We haven’t had capitulation yet, so Im not too confident in this being the bottom yet
@swans11000@WillyMacShow 10 days seems unrealistic af and dangerous. 2 days seems to be the only plausible duration and that probably isnt enough for autophagy