$BTC 👽

I am writing this post to clear things up because I see many people who don’t understand structure and demand.
First things first: we are currently at the strongest monthly demand area for BTC. If we fail to hold this zone, it could be very bad for BTC in terms of both time and price.
The next strongest monthly demand area is around $25k–30k.
Keep in mind that even if we follow the classic 1-year bear market / 3-year bull market cycle, and we are currently in the bear market year, we’re already more than halfway through it.
So what’s the problem?
The problem is that if we break down over the coming months and start moving toward $30k, we could end up spending a lot of time there. There is even a possibility that the next bull market fails to make a new ATH, resulting in a completely failed cycle.
People have no idea what they’re saying when they claim we’re going to $40k and then straight to a new ATH.
$40k is not some magical level. It’s simply another weekly demand zone, but it’s also the midpoint of the larger 2021–2022 range between $30k and $60k
That means the probability of going below $40k would be much higher than most people think 👽
#Bitcoin