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Wakandian
Apr 5, 2023 4:54 AM

A bearish and Bullish Outlook On BTCUSD 

Bitcoin / United States DollarCoinbase

Description

This is a friend chart that has a bearish outlook for potention reversal or Crash to 2018 Lows

Prentending that Btc has a 16 year Cycle where each 8 years we can take previous cicles lows

Which mean 2026 bear market could be really drastikkkk

But let keep our Pants tight and see if BTC is about to make a breakout like in May 2019

While this current cycle show similarities with the 2019 Btc Time Cycle

The oods favor the Bulls but the chart could be setting the biggest bull trap or a second level bear trap


DYOR

This is not a trade advice or signal

Comment

As Price Showing Rejection from 31k

What could be expected next is a retest of 27-28k for another Bullish leg up

Worst case scenario 25k
Comments
Correction
excuse me sir i have a question
Wakandian
@Correction, Sure Bruv
Wakandian
Btc vould revisit 28.5K
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