Niko
4.7K posts








#BTC Bitcoin has now tagged the 200-week SMA for the first time in this Bear Cycle Deviating below it has historically been the key to building out a Bear Market bottom formation $BTC #Crypto #Bitcoin


#BTC If indeed Bitcoin repeats late 2021, early 2022 price history then a multi-month cluster of relief may be on the cards It would be crucial for price to first form a base at ~$82500 for that relief to occur however $BTC #Crypto #Bitcoin

#BTC Bear Market Progress: ▓▓▓▓▓░░░░░ 56.5% $BTC #Crypto #Bitcoin


$BTC If these range breakouts keep failing then it will be hard for a prolonged relief bounce to happen. All we're seeing now is a sweep of shorts into further downside since this downtrend began. Low timeframe price action is very choppy and has been for the past 6 weeks. No rush to do anything else but accumulate spot as low as possible for me.














