The bottoming formation here continues to follow 2022 very closely. We have both times: - Price hitting HTF oversold - Rallying around 40% - Price making a new low - Building a HTF bull divergence - Price ranging very slowly and very boring for 63 days in 2022 Right now, we have been ranging for 56 days. Whatever way Bitcoin moves next, its going to happen soon. And the 63 day period just so happens to be around the deadline for Clarity Act. One thing to note is that the Bull div this time is actually even greater than 2022. The RSI is stronger than it was back then. We've never had a situation where the Weekly RSI hits oversold twice in the same correction, and I'm not expecting that to happen here. Even if we go to the Realised Price, my worst case scenario bottom, I do not think the RSI touches oversold again. Decision time soon.
Sykodelic 🔪Share

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