The unwritten rule of the bear market is dead cat bounces end at the 0.618 retracement.
Bitcoin reached this retracement and stopped.
Once a bounce breaks this pattern it will be an indication that the bear market is over.
Buying now could prove costly, especially as the other unwritten rule is dump at 6k.
Bitcoin reached this retracement and stopped.
Once a bounce breaks this pattern it will be an indication that the bear market is over.
Buying now could prove costly, especially as the other unwritten rule is dump at 6k.