The last few months in BTC price - opinion - 2hr chart
1) Growth trend broke around March 21.
2) Continued up to a late peak price on April 14 then a break down a few days later on April 17th.
3) Continued sideways/falling until now a breaking through the support level of ~35k.
4) Now it looks like ~$23k will be the resting place for the next couple of years until the build up to the next halving. Accumulation appears to be still mysteriously increasing. opinion
1) Growth trend broke around March 21.
2) Continued up to a late peak price on April 14 then a break down a few days later on April 17th.
3) Continued sideways/falling until now a breaking through the support level of ~35k.
4) Now it looks like ~$23k will be the resting place for the next couple of years until the build up to the next halving. Accumulation appears to be still mysteriously increasing. opinion
Comment:
BTC still looks on track to bottom out mid 2023 but probably around the 15k level. New top will be around Feb 2024.
Remember the next halving is 7 Apr 2024. Price should start back up about mid 2023. There will be another fake bull run in 2022 to scare everyone away.