#BTC
If history repeats, things are likely going to pick up for Bitcoin and its Summer relief rally in the second half of July
$BTC #Bitcoin
BTCActivation price $62,259.7Direction LongType DirectionalTimeframe Mid
Max Favorable +0.6%Max Adverse −0.9%ACTIVE
During this Summer Relief Rally...
Bitcoin will rally high enough to convince you that the Bear Market is over
And then it will resume its downtrend
$BTC #BTC #Bitcoin
BTCActivation price $62,978.01Direction LongType DirectionalTimeframe Mid
Max Favorable +2.0%Max Adverse −0.5%ACTIVE
#BTC
In Bear Markets, every rally ends as a Macro Lower High
Every price cluster develops a range of Re-Distribution
Old supports turn into new resistances
But at some point, Bitcoin will finally find a Bear Market Bottom and a new Macro Uptrend will emerge
Every advance will register a Higher High
Every price cluster will develop a range of Re-Accumulation
And old resistances would turn back into new supports
The Bear Market is over 70% complete
Not long left before Bitcoin finally turns macro bullish for the next few years
$BTC #Bitcoin
BTCActivation price $62,048Direction LongType DirectionalTimeframe Long
Max Favorable +4.3%Max Adverse −0.3%ACTIVE
#BTC
Red June
Green July
Red August
This is what Bitcoin price history suggests
Bitcoin could possibly see some downside wicking below the new Monthly Open in early July
But history suggests price should be able expand to the upside as the month progresses
$BTC #Bitcoin
BTCActivation price $58,559.99Direction LongType DirectionalTimeframe Mid
Max Favorable +8.4%Max Adverse −0.4%ACTIVE
#BTC
It's official
Bitcoin has Monthly Candle Closed below the 50-Month EMA (purple)
Which is exactly what tends to happen at this very moment in the cycle when comparing historical cycles
Generally, prices tends to lose the 50-Month EMA and then turn it into new resistance before additional downside over time
$BTC #Bitcoin
BTCActivation price $58,443.63Direction ShortType ConditionalTrigger Acceptance Below 63000Timeframe Long
PENDING TRIGGER