Hello fellow traders.
This is Bitcoin Monthly Chart
One thing I notice about bitcoin is Although all the crypto, metaverse and defi hype, all new ATH waves push less than previous one.
Evey new Macro leg is smaller and weaker.
This could be a sign of weakness. This is monthly chart so a bearish scenario playing would mean years of bear market.
I am not calling a doom scenario, but chart is pretty clear.
Lets see how this will play out. Keep Safe
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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.