$BTC
BTCUSDT
Perp
76,376
-1.71%
Let’s Gossip Bitcoin:
did not top in the previous rise just because it hit $126K.
Bitcoin is now approaching the red zone on the rainbow chart. The lower boundary sits around $80K, matching the current major resistance line.
That makes $80K the most important level for bulls right now.
The real cycle top usually appears in the overbought zone, beyond the brown zone.
So far, this cycle has not even delivered a real rally yet.
I’ve said this countless times.