Bitcoin's Bear Run

Back in 2017, it took Bitcoin 336 days for capitulation to show up.

The "orthodox" top is was set back in April 2021.
336 days starts next week...

Another scenario we take the November 2021 peak as the top which would point to October 2022 (not trying to be exact, just an approximation).

This is Bitcoin's (BTCUSD) bear run.

Namaste.

Commento:

Getting closer to our target.

Thanks a lot for the continued support.

Commento:

First target hit.

We are likely to bounce before the next target.

Trade chiuso: obiettivo raggiunto:

The low set at around $15,500 the bottom.
$11k never hit.

Inflation.
Updated my view in November 2022 confirmed the fact that Bitcoin wouldn't continue lower, bottom hit.

As the market progresses, we adapt and change.