BITCOIN... CRYPTO WINTER COMING
Updated
BTC has been operating in a long term channel with 2017 channel resistance directly overhead. There is limited upside here and we are likely entering the early stages of the 2022-2023 crypto bear cycle (Crypto Winter) before the next halving cycle in early 2024. Caution is warranted here for Bitcoin longs, potential double top forming.
Note
BTC now down 7% from the call. I expect more downside into 2022.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.