i think 40-42k is not bottom, with so many bad funds on btc. based on 4 year cycle that ends with bear market (2014-2018-2022) im expecting further dump into that trendline and even im not sure if thats the bottom
notice that this is a weekly chart and dont expect it to dump to 34k without rallies
notice that this is a weekly chart and dont expect it to dump to 34k without rallies
Note
so far bounced off the trend, but im now more convinced it will break down in mid term, maybe by next week
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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.