It's been 307 days since BTC price dropped below 365d SMA line.

in #btc • 2 months ago

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Source: TradingView

It seems that BTC will attempt to break $82k this month or Oct.

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Source: TradingView

In the past bear markets, it took at least 300 days after BTC dropped below 365d SMA(Simple Moving Average) line until it broke 365d SMA line again.

2022 Bear market: 440d
2018 Bear market: 342d
2015 Bear market: 432d

In my personal opinion, 307d is enough..

Anyways, if it occurs, I expect that the crypto market will be bullish until the end of this year.

As I previously said, when BTC price started increasing, it has never broken ATH right away. That means, next Q1&Q2, the crypto market wouldn't be nice.

I look forward to overshooting, $110k 📈🚀🤗

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El mercado muestra que en los ciclos bajistas anteriores la recuperación tomó entre 340 y 440 días tras caer bajo la SMA 365‑d, por lo que 307 días parece insuficiente para esperar ya el salto a $82 k. Además, el volumen on‑chain sigue bajo presión y la acumulación no ha alcanzado niveles de soporte claros 📊.