$BTC correction bottom is $85000
2024-12-21
Category: None

All the fanboys—Crypto Rover, Ash Crypto, Satoshi Stacker, Banter, etc.—are singing the same tune: *"We're back!"* They claim  CRYPTOCAP:BTC  is still in a bullish pattern, that the December 20th -15% crash was just an anomaly, and so on.  

As usual, these  CRYPTOCAP:BTC  enthusiasts are acting like PR agents for Blackrock and Sailor, hyping the market to attract your money.  

If you're into altcoins, be cautious—the charts are telling a different story than their optimistic chatter.  

Remember June 2024? They were promising rewards if  CRYPTOCAP:BTC  hit $80K by the end of the week. How generous! And yet,  CRYPTOCAP:BTC  dropped -31%, with many altcoins plunging -80% over the following three months.  

I sent my weekly chart showing bearish divergence to all of them back then. None paid attention, and I was right.  

This time, while we're not in an identical scenario (the weekly timeframe still looks bullish), the daily timeframe shows a clear downward trend. Until this plays out, there's no reason to get overly optimistic.  

This means we could see selling pressure for the next week, dragging most altcoins down with  CRYPTOCAP:BTC  as the correction completes. The expected bottom for  CRYPTOCAP:BTC  is around $85,000, give or take. After that, the bull run should resume—I don’t think we’re heading into a bear market just yet.  

As always, DYOR!  