Bear Market Bitcoin Scenario

Bitcoin / U.S. dollarBitstamp

Description

⋅ Jun 4, 2021 5:31 PM

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

⋅ Jun 22, 2021 4:25 PM

Seems to be following along.. Will continue to monitor this.

Trend Analysis Technical Indicators Bitcoin (Cryptocurrency)BTC trading investing crypto Cryptocurrency Bullish Patterns Bearish Patterns

Comments

synth0

⋅ Jun 8, 2021 6:51 PM

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..

ccbase

⋅ Jun 5, 2021 1:47 PM

Wrong analyse

Kavalier77

⋅ Jun 4, 2021 5:42 PM

What resistance flipped to support do you think invalidates this?

Cryptomania2363

⋅ Jun 4, 2021 5:35 PM

This is a Rekt analysis 😂🤡