The picture is much more clear if we zoom out a little bitsteemCreated with Sketch.

in bitcoin •  29 days ago

So many journalists and talking heads all giving their opinions, but if we just zoom out a bit it's a lot more clear what is likely going on:


If this is true, bitcoin may have to leak a bit lower still.

Tough to tell what the exact bottom might be, but depending on when the drop happens it looks like it might be around $2,500 to $2,800.

The longer it takes for the drop to happen, the less it drops based on this curve.

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Based on our analysis - the bottom is from $ 1,850 - to $ 2,360 / benchmark - April May.....


Yep, kind of what I am hoping for.