The post analyzes Bitcoin's technicals: It closed its 12-month candle below ~$93,500, making that level a resistance. Historically in 4-year cycles, such resistances hold for ~3 years until broken in a Halving Year. If in a bear market, BTC might briefly exceed it to form a "macro lower high" before dropping, with a sustainable breakout possibly in 2028. This is one analyst's view—crypto is volatile.
#BTC
Bitcoin has performed its 12-Month Candle Close below ~$93500
Technically, this means $93500 will act as resistance
Across Four Year Cycles, such resistances tend to resist price for ~3 years before finally being broken in the Halving Year
If indeed Bitcoin has begun a Bear Market, what this translates to is that price could overextend beyond $93500 over the coming months in order to solidify a Macro Lower High before continuing lower
And $93500 would only be sustainably broken beyond in the next Halving Year in 2028
$BTC #Crypto#Bitcoin
#BTC Dominance is showing signs of successfully post-breakout retesting November 2024 highs (black) into new support
Successful retest here would see $BTC Dominance revisit ~64% (blue) for a reclaim attempt, as per historical green circles
#Crypto#Bitcoin
#BTC
Bitcoin's Daily RSI equalled 2022 Bear Market RSI levels (RSI=23.93) when price crashed into the high $70,000s
The only lower Daily RSI in this cycle was back in August 2023 (RSI=18.28)
Throughout this cycle, each visit into sub-25 RSI resulted in a trend reversal to the upside over time
$BTC #Crypto#Bitcoin