Expected a pullback, where do we stand now Bitcoin (BTCUSD)
The upmove from the 2022 bottom was vigorous, hitting resistance at around 30k (as expected, i didn't make the pullback call because i don't like to give bad news).
After a consolidation in such area, we are now getting a healthy pullback, i would not be surprised to see another short-term down push to at least $24500 level.
From there one of these 2 things might happen:
1) we get the good buyers and go back to resistance (and consolidate up and down from there)
or
2) we break the support badly and get a fast crash to $14500 level, a la march 2020 style. In such case, that would be the final bottom of this bear-market, heading to ATH and beyond from there.
I don't expect yet a bull-run to ATH very soon, my guess is we are probably still consolidating for 2023, a flash-crash to 14500 is possible but not likely imo (look at it as a crazy scenario unlikely but hey technically possible), anyway we are in the final stage of the bear market in my opinion (flash crash or not, these are the last months of bears).
Stay strong and don't panic!
After a consolidation in such area, we are now getting a healthy pullback, i would not be surprised to see another short-term down push to at least $24500 level.
From there one of these 2 things might happen:
1) we get the good buyers and go back to resistance (and consolidate up and down from there)
or
2) we break the support badly and get a fast crash to $14500 level, a la march 2020 style. In such case, that would be the final bottom of this bear-market, heading to ATH and beyond from there.
I don't expect yet a bull-run to ATH very soon, my guess is we are probably still consolidating for 2023, a flash-crash to 14500 is possible but not likely imo (look at it as a crazy scenario unlikely but hey technically possible), anyway we are in the final stage of the bear market in my opinion (flash crash or not, these are the last months of bears).
Stay strong and don't panic!
