Bitcoin / TetherUS BINANCE:BTCUSDT
Here is a very interesting comparison to the 2018 Bear Market. There are some uncanny similarities between the two.
I think the most important thing to take note of here is just how much resistance BTC is fighting and it’s already broken below a key level.
RSI is approaching resistance and will be detrimental to see how price reacts in this area.
This is just strictly TA, the macro is a whole other story. The only thing we can be certain about the future is absolute uncertainty.
Here is a previous analysis with another interesting comparison;
As well as a Cyclical Analysis;
