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This Bitcoin range is looking extremely tidy.
I'm not even gonna talk about whether the bottom is in or not.
But we have a very clearly defined 5 month range in which we have swept the highs, and now the lows.
And both the highs and lows failed to breakout/breakdown.
This now looks like a very clear bottoming structure that has liquidated shorts and longs, and has now build decent long positioning at those lows.
Personally, to me, if the price was weak and wanted lower it would have happened just now.
Price doesn't range like this in oversold conditions for 5 months and then fail to breakdown if it wanted to.
Obviously I cannot guarantee the bottom, and I'm not gonna say it.
But this looks very clean and if we start reclaiming some levels above $65,000 then we should visiting a fair bit higher.
Wider market also looks strong so let's see.