So, this is back in late 2018, looking at the previous Bitcoin capitulation.

I remember it clearly because I was out of town and saw my capital being slashed in more than half in a matter of hours…

I share these as a warning for you to prepare and protect your capital as much as you can and want.

Here is the chart:

Notice that the initial low after the All-Time High was set at $6000 in February 2018.

It took until November (over 8 months) before the support broke.

Capitulation followed and the whole process took 6 months.
Bitcoin closed RED for 6 straight months.

Present time: BITCOIN

From $13,000 to $30,000 there isn’t much support.

The “orthodox” top for Bitcoin happened April 2021.

The initial low was set in June 2021 at $28,805.

This time around it took longer (11 months) but the initial low has been broken.
This is what signaled the 2018 capitulation.

CONCLUSION

With a volume breakout happening in favor of the bears…
11 months of “shaky/volatile distribution”…

Bitcoin can still close red for another 3-5 months.

This is just one of the many possible scenarios.

Be prepared.

I hope you find this information useful.

Thanks a lot for your continued support.

Namaste.