The bears are running out of cards.


This range has now gone for too long for it to be considered like any other previous bearish range.
The only card they had left was the 2022 bottom, but that has now also been invalidated.
We have now had a bullish 10/20 SMA cross on the weekly, something that has marked every market low in Bitcoins history.
You can see that this didn't happen in 2022 until after the drop to $15,000.
In addition, at the current point we are now at(112 days), Bitcoin, in 2022, was pretty much at the lows of the range.
Now, we are holding above HTF market structure of 74,400 and completed the 10/20 SMA cross.
These are fundamentally different ranges.
The reason the 10/20 SMA mark the lows is because a weak price does not stay sideways/upwards for long enough for them to meet.
Is there a chance this could be the first time which we make new lows after the 10/20 cross?
Sure.
But I would not be betting on it.
BTC-2.16%
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