Everything is unfolding just as I predicted.
This is the third bear flag for Bitcoin in this cycle.
The odds are leaning more towards a downward breakout.
1. A sell-off down to 55K is very likely to happen.
2. Even a flush down to 47K is still a possibility. It doesn't necessarily have to occur.
Bitcoin could still rebound in the coming months and provide some relief at some point.
But the real $BTC cycle bottom is still pointing towards later this year.
This is the third bear flag for Bitcoin in this cycle.
The odds are leaning more towards a downward breakout.
1. A sell-off down to 55K is very likely to happen.
2. Even a flush down to 47K is still a possibility. It doesn't necessarily have to occur.
Bitcoin could still rebound in the coming months and provide some relief at some point.
But the real $BTC cycle bottom is still pointing towards later this year.