Bitcoin's current price structure is nearly perfectly following past cycles...(pink line) - Caution here, MACRO is running the show - this model path will likely be shattered in the near future... Q is do we bottom soon, or do we have to play out the full bear market till Oct?
Discover Crypto
@DiscoverCrypto
Bitcoin well under the Key moving averages, be cautious with pumps to these zones, in this market climate would very likely be a trap.
$82,150 - STH Cost basis
$81,600 - 21W MA
$89,800 -200dMA
We're in a downtrend, which means buying opportunities for the patient.
Sector:
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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