nemo, i'm still not sure what's happening. i mean yeah it's going to go lower eventually... but i'm not 100% how, yet.

this is still my best guess.

[imgur] [link to imgur.com (secure)]

yellow moving average is the 200 week moving average
white moving average is the 50 week moving average

both are two very very very important and traded moving averages...

notice that bitcoin has never been under the 200 week for this long. notice also that the white(50 week) has never gotten down to the yellow (200 week).

well those two moving averages converge on the recent high of 25k... and they do it in mid february.

this entire thing STINKS of the months before the march 2020 covid crash to me right now. i continue to make the case that we are repeating the 2020 bottom. i continue to say that i think we are about to do a plandemic 2.0/lockdown/(maybe riots). I strongly think it's about to be 2020 all over again.

If we are repeating 2020... that means that 9500-9700$ is the bottom and that it happens around march 13th, 2023. Still think that's my best guess right now.