$BTC Fractal update:
The consolidation and drawdown took a bit longer but in terms of price movements they are now near identical.
1. Sharp leg down to new lows
2. Bear Market Chop near bottom
3. Violent breakout
4. Sideways
5. New leg up
6. Start of slow bleed down
7. Acceleration lower
In 2023 this was about the level where people gave up and calls for new bear market lows were made. Let's see how today's situation plays out. Both drawdowns are now pretty much identical in percentages.
#USPPIMissMayEaseBTCPressure #WhatWillDriveCryptoandStocks’NextRebound? #SpaceXTeslaMergerTalksWouldCombine30220BTC #Anthropic’s6xIPODemandSignalsPotentialRecordRaise #BitcoinBreaksBelow200WeekMovingAverage
The consolidation and drawdown took a bit longer but in terms of price movements they are now near identical.
1. Sharp leg down to new lows
2. Bear Market Chop near bottom
3. Violent breakout
4. Sideways
5. New leg up
6. Start of slow bleed down
7. Acceleration lower
In 2023 this was about the level where people gave up and calls for new bear market lows were made. Let's see how today's situation plays out. Both drawdowns are now pretty much identical in percentages.
#USPPIMissMayEaseBTCPressure #WhatWillDriveCryptoandStocks’NextRebound? #SpaceXTeslaMergerTalksWouldCombine30220BTC #Anthropic’s6xIPODemandSignalsPotentialRecordRaise #BitcoinBreaksBelow200WeekMovingAverage