DidnΒ΄t we have fun Yesterday?
Three weeks of gains have been whipped clean in less than a day and BTC is forming a higher low at 21K.
This was not very unexpected, but it was needed. The market can not keep going up without a real reset.
If this was the cool down the market needed 4 weeks prior to the ETH merge, it should give just enough time to break to the upside and the 25K BTC resistance over the next 3 weeks.
The Higher Low That Ends The Bear Market
Is this really the higher low as we saw in 2018/2019 bear market? There are many similarities but it remains to be seen.Β
Based on other posts I still think that a 70% drop from the top is still not the bottom and thus I still expect a lower low around 15K BTC before we move back up in early 2023.
The Crypto Weather Forecast is myΒ take on the crypto market, sometimes serious, sometimes sarcastic, often with a wink, and Always Honest.
