Crypto Skull Signal
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Bearish
#BITCOIN BIG SUNDAY UPDATE
$BTC has already dumped more than $40k, and it’s been almost 4 months since I turned bearish on BTC. I’ve been warning non stop that this is the top. Don’t expect more pump. It’s ready to drop.
I told you 100K was the strongest support. Weekly close below it = bear market 😂 The 1W 50 EMA is broken. Since 25K BTC pumped every touch. Now it's the 5th week below it. Welcome to the bear market. A pullback to the 50 EMA is possible, and if it happens, I’ll add more shorts.
As you can see, the yellow line has been BTC’s biggest resistance since 2018. Every time price hits it, BTC gets rejected and enters a long accumulation phase.
After the 2018 rejection, BTC spent more than 3 years trading inside accumulation.
Then COVID hit, liquidity flooded the market, and BTC pumped hard straight back into the same trendline.
That rally was also rejected. What followed? Another accumulation phase that lasted more than 1.5 years before the next expansion.
Now look at the present. BTC has once again hit the same resistance trendline and is getting rejected. History is repeating, not rhyming.
In my view, 75–72K is the last major support. If we lose that zone, BTC enters the 3rd accumulation range between 53K and 72K.
{future}(BTCUSDT)
#TrumpTariffs
$BTC has already dumped more than $40k, and it’s been almost 4 months since I turned bearish on BTC. I’ve been warning non stop that this is the top. Don’t expect more pump. It’s ready to drop.
I told you 100K was the strongest support. Weekly close below it = bear market 😂 The 1W 50 EMA is broken. Since 25K BTC pumped every touch. Now it's the 5th week below it. Welcome to the bear market. A pullback to the 50 EMA is possible, and if it happens, I’ll add more shorts.
As you can see, the yellow line has been BTC’s biggest resistance since 2018. Every time price hits it, BTC gets rejected and enters a long accumulation phase.
After the 2018 rejection, BTC spent more than 3 years trading inside accumulation.
Then COVID hit, liquidity flooded the market, and BTC pumped hard straight back into the same trendline.
That rally was also rejected. What followed? Another accumulation phase that lasted more than 1.5 years before the next expansion.
Now look at the present. BTC has once again hit the same resistance trendline and is getting rejected. History is repeating, not rhyming.
In my view, 75–72K is the last major support. If we lose that zone, BTC enters the 3rd accumulation range between 53K and 72K.
{future}(BTCUSDT)
#TrumpTariffs
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