wowitstony

#Bitcoin Multi Year Bull Run End ?

BITSTAMP:BTCUSD   ביטקוין
Let me make it simple, Bitcoin has never had a Break in Market Structure bearish side and hence its always been in a bull market since inception on Monthly Chart. If in May-June Price closes below 2021 low straight twice, It might turn out a very big event, no-one is talking about it but posting $20k - 15k as support. but that is not how it may work. This is a big reason since 2021 I have posted several times we may not see $20K ever again and Price may not trade below 2021 low for long time. And I still believe same that Price may consolidate in this range and be sideways before a rally. But if this event really happens, it may send it to a multi year bear cycle which we have not seen yet imho.

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