Copying Dec. 2013 & 2017 Peak to trough then overlaying it to current. Gives perspective. This current halving cycle bottom came too soon. $19,500 - $21,500 was the best opportunity. BUY BUY BUY.
Monthly bottom trendline hit and 20 EMA and fib retracement all merge approximately the same place $37,000. Looks like a great spot to buy the bounce.
PS—preliminary support, where substantial buying begins to provide pronounced support after a prolonged down-move. Volume increases and price spread widens, signaling that the down-move may be approaching its end. SC—selling climax, the point at which widening spread and selling pressure usually climaxes and heavy or panicky selling by the public is being absorbed...