BTC might has entered the bear market…
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
BTC had risen to 20k in the last bullmarket, this bullmarket is definitely different, with institutons and a lot of retail investors and big events like covid or the war, but the power has come to an end. BTC tried to get up again after the first test of 60k, but dropped again, a double top . After this we formed a sideways wedge and now we exited it, to the downside. This pattern is a bit simillar to the pattern in 2017, simillar target and chart. We were in a bullmarket for 2 years now, the normal length of a cyle, Altcoins would drop massively.
Wish you good luck at trading!
