$BTC Just above the unification zone now, where all previous bear market activity lines up. Bitcoin would need to be at least 52k to get there.



Again, this zone also implies a slow grind down to 35k by September.

Compared to other bear markets, there really hasn't been anything unusual so far after almost 9 months in.
BTC-2.85%
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
  • 6
  • Repost
  • Share
Comment
Add a comment
Add a comment
GateUser-382715ed
· 2h ago
The current position is uncomfortable for both longs and shorts, classic garbage time.
View OriginalReply0
SeaSaltAirdropParticipants
· 2h ago
9 months is not long; the bear market in 2022 lasted more than a whole year.
View OriginalReply0
Glass-HeartMarketMaker
· 2h ago
Unification zone sounds intimidating, but it's actually just a moving average dense area.
View OriginalReply0
PanicSellPaul
· 2h ago
Slowly grinding to 35k is healthier than a flash crash, at least leverage can be cleaned out.
View OriginalReply0
MarginMarmot
· 2h ago
The 52k threshold is interesting; previous rebounds have fizzled out around this level.
View OriginalReply0
OwlChainViewer
· 2h ago
35k September? That depends on whether the US stock market plays ball.
View OriginalReply0
  • Pinned