HOPIUM for Bitcoin
The low has probably been reached for now, and we should soon see a relief rally unless the stock markets drop sharply.
Bitcoin is currently retesting the previous all-time high (ATH) of 2021, which marked the low of the market last time.
In 2022, BTC tested the ATH of 2017 at $19,800, dropped to $15,400, and then formed its low.
Today we are observing a similar pattern: we have gone below the 2021 peak of $69,000 and tested the $60,000 zone.
Thus, the low has probably been reached and a rebound could follow. However, if the stock markets drop sharply, BTC could still decline.
ETH
2,185
+5.07%
BTC
71,588.79
+4.10%