Bitcoin strong SELL Signal

Bitcoin just broke to the downside out of this pattern. This is a huge SELL signal and a big warning, increasing the chance that the Bull Market has ended massively. If Bitcoin does not hold the 92k support, we might see a correction described in the following. As I predicted in my Roadmap for this cycle Bitcoin turned in the area of 108k-111k and is now correcting. In that post I stated, that I expect Bitcoin to retrace to the support area between 73k-77k. There we got a 50% chance of Bitcoin turning and retesting the 108k mark. If this support area is not holding we might see a retraction to the 62k support. If that happens, the probability, that the Bull market has ended, will increase significantly to 80%. If we turn at the first mentioned support area, chances are 50/50 that we get new ATHs this cycle.


If Bitcoin closes 4h candles below the 92k Support, then I’m convinced that this scenario will almost certainly play out.

Good Luck