The next test for BTC is cleanly breaking the cost basis of recent investors (79k).

I give it 30% odds on doing this on this attempt. After that, if BTC manages to hold this price level above 65k and not break down, then the chances of a structural bottom increases significantly.

BTC is currently attempting a bottom, but all the pieces are not yet in place, the next 3-6 weeks will be telling.

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