Bitcoin’s bottom this time round might not take long.
It even took a shorter period to hit the top compared to previous cycles. That alone translates to one thing. This time round, it might not take long to bottom.
Retail wants it to drop lower. Not because they have realized the potential this thing has. They want cheaper entries because they missed the move.
If Bitcoin drops below $56K, institutions will take all of it. That’s exactly what they want.
Right now, Bitcoin is sitting at a level that has quietly decided entire cycles before. Anywhere between $60K and $56K is structural.
We’re now sitting at around 112 days below the 50 SMA across all time frames.
Lose that zone, and Bitcoin falls to $40K. Hold it, and the bottom may already be forming.
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