In 2018/2019 BTC fell 48% to 3.2K after it broke the 6K support (see orange line).
Now, after a very similar sideways trading pattern during this bear market, we broke support at 19K.
We expect bitcoin to fall around 48% (similar as in 2019) to 9.5K ... coinciding with a .618 retracement level from HTF low (3K) to HTF high (69K)
RSI FALLING WEDGE
In the mean time a giant falling wedge has been forming in the weekly RSI.
We expect the next Bull-run to start after a confirmed break to the upside out of this wedge.
Now, after a very similar sideways trading pattern during this bear market, we broke support at 19K.
We expect bitcoin to fall around 48% (similar as in 2019) to 9.5K ... coinciding with a .618 retracement level from HTF low (3K) to HTF high (69K)
RSI FALLING WEDGE
In the mean time a giant falling wedge has been forming in the weekly RSI.
We expect the next Bull-run to start after a confirmed break to the upside out of this wedge.