I don't see us bottoming out just yet. Seeing BTC consolidate at this current price just tells me it wants to induce more buyers so that price can drop even further to liquidate more early buyers.
I see the potential of the monthly demand level of 12K - 9K highlighted being a significant level where we could see the market really turn around and begin the next bull cycle.
The 12K - 9K price range for BTC also means that we could drop over -80% from our all time highs printed at 68K. This is significant as our last bear cycle in 2017 also wiped -80% of the value of from the all time highs of 19K.
Seeing as markets like to repeat themselves, will be see this play out?
I see the potential of the monthly demand level of 12K - 9K highlighted being a significant level where we could see the market really turn around and begin the next bull cycle.
The 12K - 9K price range for BTC also means that we could drop over -80% from our all time highs printed at 68K. This is significant as our last bear cycle in 2017 also wiped -80% of the value of from the all time highs of 19K.
Seeing as markets like to repeat themselves, will be see this play out?