Prediction evidence

ALERT: #Bitcoin has officially broken down. The second bear flag has played out (see picture). Last time this happened price dropped 30%. Is history repeating? A 30% pull back from the bottom of the channel would take $BTC to ≈ $50,000. That is worst case in my opinion. A pull back to the 200-week moving average (yellow line) is far more likely. Even healthy. That is currently around $62,000. In 100% of Bitcoin’s major bear markets (4 for 4), price has ALWAYS come down to test or briefly breach the 200-week MA, which has historically marked the cycle bottom. Markets bottom with boredom, apathy, consolidation, and EVERYBODY screaming "we are going lower". Eventually all sellers get exhausted, and the bottom forms. And we realize it was the bottom 6 months later. Also keep in mind - maybe the bitcoin pull back IS complete. And up only from here. Nobody can see the future. Everything is possible with crypto. Follow for more. 🔔👈