BTCUSD Long-Term Trend Reversal
In April 2021, BTC reached ATH of 
65K, concluding the bull run and entering a bearish cycle. In June 2021, BTC reached a low just under 
29K before prices reversed back into a bullish cycle. This created a "range" between 29K-65k. Our next bullish cycle, which concluded in November 2021, saw price increase up to 69k, rising through the top of the range and becoming "overbought". Which now brings us to the bearish cycle we are currently in, which is still active during May 2022, where prices are falling through the range under 29K, becoming "oversold". The bearish cycle from 65K down to 29K was a 55% retracement. Our next bearish cycle from 69k down to 
25K was a 63% retracement. Large quantities of volume at these cheaper prices I believe to be a sign of accumulation. With inflation over 40-year highs at 8.5%, I believe the dollar will begin to deflate, restoring valuation in many currencies and markets, such as NASDAQ and Crypto.
65K, concluding the bull run and entering a bearish cycle. In June 2021, BTC reached a low just under 29K before prices reversed back into a bullish cycle. This created a "range" between 29K-65k. Our next bullish cycle, which concluded in November 2021, saw price increase up to 69k, rising through the top of the range and becoming "overbought". Which now brings us to the bearish cycle we are currently in, which is still active during May 2022, where prices are falling through the range under 29K, becoming "oversold". The bearish cycle from 65K down to 29K was a 55% retracement. Our next bearish cycle from 69k down to 25K was a 63% retracement. Large quantities of volume at these cheaper prices I believe to be a sign of accumulation. With inflation over 40-year highs at 8.5%, I believe the dollar will begin to deflate, restoring valuation in many currencies and markets, such as NASDAQ and Crypto.
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