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Bearmarket in BTC/USD it's over!

 Observations:

1 - The configuration of the irregular expanded flat has confused many.

2 - The actual peak of Bitcoin occurred in April/2021. The rise in November/2021 was a trap for testing supply. The Bitcoin bearmarket lasted approximately 626 days, just like we saw between 2013/2015.

3 - The supply test not only confirms the absence of strong buyers but also acts as a second round of profit distribution (average price). Institutions perform the supply test to ensure they can reverse the overall trend without significant difficulties.

Thanks!


 

Bearmarket in BTC/USD it's over! by MrGekkoWallSt on TradingView.com

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