Structure: after a strong drop from 9.6, price is forming a base with slight higher lows, showing early accumulation signs. Long bias while price holds above the 5.0 support zone.
Strong impulsive uptrend already extended → price pushing into resistance after multiple green candles. Watching for exhaustion/rejection near previous high (0.21 zone) for pullback continuation.
Strong pump back into resistance after previous rejection zone → potential lower high forming. Watching for rejection continuation if price fails to hold above 0.145.
Bitcoin experiences one of its largest capitulation events in history, ranking among top 3-5 loss events ever recorded and rivaling the 2021 crash, per CryptoQuant.
Every time the market drops, the same thing happens. $ESP
Bitcoin falls and people panic. $ME $TAKE
Suddenly everyone says: “Bitcoin is dead.” “It’s going to zero.” “It’s a scam.” “It has no value.”
But this isn’t new:
In 2013, they said it was dead. In 2015, they said it was over. In 2018, they said the bubble had popped forever. In 2022, they said crypto was finished.
And now they’re saying it again.
Every cycle, when the price crashes, people lose hope and forget that this has happened before.
When Bitcoin is going up, everyone calls it the future. When Bitcoin is going down, everyone calls it a scam.
Years later, when the price recovers, the same people who said “it’s going to zero” will start asking: