Hi guys, in this analysis I would like to keep everything as simple as possible. As you can see this bear market is all about EXTREMELY resistive descending trend line. Every time BTC has tried to break it out it failed. Now we are close to the third attempt. I am almost sure the moment price will break the downtrend channel we have bottomed and price will never ever fall lower from it's lowest point. The hard truth of this is - we do not know when or at what price will Bitcoin decide enough is enough. In my opinion 5 or more attempts for breakout is quite realistic and nothing special in hard bear markets like this. Let's see..
-DP-
-DP-
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.