NebraskanGooner

Bear Market Bitcoin Scenario

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
If we're in a bear market, we could expect to see Bitcoin revisit sub $20,000 one more time before it's eventual move to over $200,000.

Possible targets are $17,000 and $8,900.

I'd expect a very strong rebound if price reached $8,900 and I think the next month would be the biggest green candle in Bitcoin's history.
Comment: Seems to be following along.. Will continue to monitor this.

Comments

Either BTC went out to fill the ~24k CME gap, or even wants to test 19k "support" (with a possibility to overshoot in case of too much leveraged longs).
Of course nothing goes in a straight line, and at some point it'll probably will go back to ~45k level to briefly test the 21-week (but we're at least 1-2 month away from this scenario).
My take on this..
+1 Reply
Wrong analyse
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What resistance flipped to support do you think invalidates this?
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This is a Rekt analysis 😂🤡
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