10 REASONS $60,000 COULD BE THE BOTTOM FOR BITCOIN THIS CYCLE.



- Weekly MACD at ATL
- Weekly RSI below 30
- 100+ days in Extreme Fear
- Retest of 2021 ATH
- ISM PMI > 52
- Russell 2000 at ATH
- Gold and Silver blow-off top
- Copper/Gold breakout
- Reclaim the weekly Bull Market Support Band
- 4 weeks of negative funding rate

$BTC needs to close weekly above $81,000 for multiple weeks for this bear market structure to break.

Rejection would mean $60k lows and continuation of the bear market.
#GateSquareMayTradingShare
BTC-1.85%
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin