In this analysis I want to take a look at Bitcoin from a crisis perspective. My current belief is that the bear market bottom is in, but I want to prepare for the eventuality that I might be wrong and BTC will see new lows in the coming months.
I've talked plenty about the bearish parallel channel that BTC is currently trading in. There still is a very bearish potential that BTC will go for a retouch of the bottom support of the bearish channel. Especially since the stock markets can potentially see a crash in the near future (yield inversion / high interest / unemployment).
I'm convinced that this would be the buying area of a lifetime. It might be unlikely that we will actually get there, but better be prepared!
Do you think we're going to retest the bottom support? Explain why in the comments.🙏
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