Sorry to disappoint you bulls, but we broke out of the primary uptrend in bitcoin. I applied this A=B method to estimate a ball park (B) for the current downtrend + a possible bottom.
This is just my anticipation not a prediction! I only assume something like this might happen if we fail to break out of the downtrend around 300.
Check out the volume profile bellow aswell. It supports my bottom level.
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