#Bitcoin We have indeed seen a real black swan event, the #FTX bankruptcy. The history of #BTC is lined with such events and the market will recover from it as it did in the past.
Another great metric showing us the way for #Bitcoin is the "Moving Regression Prediction Bands"
The MR Band is now at it's inflection point - which has previously marked the beginning of a significant uptrend
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$BTC
This was just a pullback from a bigger bullish extension. The major peak is not in yet, but the bottom zone is here. The cycle continues 🐂
#Bitcoin
#Bitcoin
is following the rhythm of the dow cycle theory. Selling pressure is fading and $BTC might even get ready to make a move up towards $25k in Nov/Dec.