BITCOIN is clearly topped out as shown in this chart dropping a trend based fib level each cycle.
Point 0.786 in the first cycle,0.618 in second cycle and 0.5 in the current cycle.
BITCOIN now will go into a 10 year bear market which will be a range bound market between 20000 thousand and 70000 thousand.
HI there this chart shows the steam running out of btc over a three cycle period the TREND BASED FIB clearly showing the diminishing returns of btc.
Each cycle dropping a fib level clearly shows we are in for a TRIPLE TOP, with this cycles FIB 0.5 expect a top of around 76 thousand give or take.
Thanks Hamed
Here we have a fractal pattern playing out on smaller scale to what it was in 2021 arrows showing the pattern from 2021 repeating over the last few months. Red line is the 200 ema.