Are you worried about the current drop in price of $BTC ? Check this out👇🏾
Based on my analyses, crypto cycles - bull runs or bear markets - are trends that unfold over time. Historically, a bear market lasts about a year, while a bull run can stretch up to three years. And don't forget: crypto is still a nascent ecosystem.
Today, the current market structure shows something interesting: a potential reversal phase. And just to remind you, the structure of a bear market or a bull run corresponds in charting to a monthly trend. The bear market trend seems to be forming a well-known technical analysis structure - a double bottom - which suggests a high probability of an upward rebound.
To confirm this pattern, there's a key movement: the pullback. And that's exactly what's forming right now. For the moment, nothing contradicts this scenario.
The critical point to watch: the weekly close.
If the price were to drop significantly towards very low zones (around 65,000), then the pattern could be called into question.
But if Bitcoin holds and closes around the high zones (around $73,000), then the chances of confirmation become very strong.
And generally, once the pullback is validated… the following week could trigger a strong bullish impulse. A real expansion movement, capable of driving the price to new highs.
So yes, the pattern is in the process of confirmation. And in my opinion, there's a strong likelihood that it will validate.
But beyond that: a Bitcoin around 60,000 is still much closer to its potential bottom than to its previous ATH.
So the real question isn't "can it drop further"… but rather: do you still want to hesitate while the market prepares to take off?$BTC
Based on my analyses, crypto cycles - bull runs or bear markets - are trends that unfold over time. Historically, a bear market lasts about a year, while a bull run can stretch up to three years. And don't forget: crypto is still a nascent ecosystem.
Today, the current market structure shows something interesting: a potential reversal phase. And just to remind you, the structure of a bear market or a bull run corresponds in charting to a monthly trend. The bear market trend seems to be forming a well-known technical analysis structure - a double bottom - which suggests a high probability of an upward rebound.
To confirm this pattern, there's a key movement: the pullback. And that's exactly what's forming right now. For the moment, nothing contradicts this scenario.
The critical point to watch: the weekly close.
If the price were to drop significantly towards very low zones (around 65,000), then the pattern could be called into question.
But if Bitcoin holds and closes around the high zones (around $73,000), then the chances of confirmation become very strong.
And generally, once the pullback is validated… the following week could trigger a strong bullish impulse. A real expansion movement, capable of driving the price to new highs.
So yes, the pattern is in the process of confirmation. And in my opinion, there's a strong likelihood that it will validate.
But beyond that: a Bitcoin around 60,000 is still much closer to its potential bottom than to its previous ATH.
So the real question isn't "can it drop further"… but rather: do you still want to hesitate while the market prepares to take off?$BTC