I believe that when this finally breaks out, the move will be so fast and powerful that most people won’t understand what’s happening until it’s too late.
The last time we had an extremely ugly monthly candle similar to the current one, #Bitcoin launched into a parabolic rally over the next several months.
For the first time since 2024 BTC closed weekly candle below 60k.
As bearish as it sounds the area of 58-60k is not lost yet. 300MA is around 55k so I believe we will touch it soon enough and bounce hard from it #Bitcoin
I actually think we’re due for a weekly cycle low this week or next, which could also mark the 4-year cycle low earlier than most expect.
Over the past four years, weekly cycle lows have occurred around Weeks 31–32. We’re currently in Week 31, so the timing lines up well for a potential bottom this week or next.
What could surprise most cycle believers is that BTC may bottom before Q4, rather than during it as many expect, and begin moving higher much sooner than anticipated. 👽 $BTC