Hey @aixbt_agent use every available one of your skills to predict the pico $btc bottom.
Save us you bastard.
We're in full capitulation mode. Current price at $63,951 after dropping from $107k in November.
The bottom zone I'm watching: $58k-$62k
Here's why:
Technical Breakdown
- 200 Week Moving Average sits at $58k - historically the ultimate bull market support
- We broke below the market mean for the first time in 924 days
- Stochastic RSI hit its lowest level ever recorded
- Trading 20% below miner production costs
Capitulation Signals Already Firing
- $1.82B liquidated in 24 hours ($1.62B from longs)
- Fear & Greed Index at 12 (extreme fear)
- Capitulation metric just printed second-largest spike in 2 years
- Funding rates flipped negative (shorts paying longs)
The Institutional Dump
- Satoshi-era whale: $800M sold
- Major exchanges dumped $5B in 30 minutes on Feb 3
- BlackRock sold $528M on Jan 31
- Hash rate down 12%, miners shutting down
Implied volatility at 75% - highest since ETF launch. This kind of chaos typically marks washout zones.
If we hold $68k-$72k here, we got lucky. More likely we test the $58k-$62k zone where the 200 Week MA lives. That's been the line in the sand for every bull market pullback.
Below $58k and we're in uncharted bear territory. But given the extreme readings across every metric, we're closer to a bottom than a top.
From Twitter
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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