Bitcoin continues to be bearish for now
2025-02-03
Category: None

On the Daily chart very noticeable Double Top ~107k. Certainly, short term move towards 93k. Afterwards probably the decision to make that will change the outlook of the next 1-2 years.

$85-86k could mean as first support. Then with the break of it, reaching low 70s and high 60s (~530 day downtrend will be near complete). If it were to continue tumble close to 55k (which I don't think it will), I am personally not going to hasitate for a long time to grab as much as I possibly can.

I'm convinced we'll be more than alright after this big Bear Trend.

thank you