6 consecutive red monthly candles for Bitcoin ( $BTC ), 2nd time in history it's happening, it's deep down 6 month torture.
I think we'll see some relief rally, do you think we'll see 11 red monthly candles, NO, RSI oversold, Alts dead.
40k bottom is still on the table but first we will see relief rally towards 84k to 88k, then move down to sub 50k around October.
Otherwise I think Bitcoin will hit $40,000 by June the way it's moving down lol, and the '364 day bear market theory' will also fail. Therefore, we should expect a relief rally for two to three months, followed by a dump.
BTCActivation price $66,250.54Direction ShortType ConditionalTrigger Sweep Above (Reversal Down) 88000Timeframe Long
PENDING TRIGGER