So far, $BTC is playing out exactly like it did last bear market. After a big pump off the cycle lows, it dropped to tag the 200-day MA, just like it did back in March 2023. Will it go lower? Based on the ugliness of stocks at the moment, I would not rule that out in the very short term. However, the stock market has seen a recent, sharp, and rapid sell-off. Thus, stocks could be seeing a bounce soon-- perhaps sometime mid next week, and that could carry BTC up with it. So, we may be getting close to putting in our lower high for BTC!
𝙲𝚘𝚕𝚒𝚗 𝚃𝚊𝚕𝚔𝚜 𝙲𝚛𝚢𝚙𝚝𝚘Share
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