There is a major move on the way, similar to the one we just experienced...
Good Sunday my fellow Cryptocurrency lovers, how are you feeling today?
"Only" four days of bearish momentum between the second and fifth of July. That's it and then we went back to not much. But the chart left some interesting data for us to analyze, telling us clearly what's to come.
👉 (5-July) We have the highest bearish volume, on a daily basis, since March, and also a lower low; the lowest price Bitcoin traded at since late February 2025.
These are two major bearish signals: 1) Highest bearish volume. 2) Major new low.
➖ These signals are telling us that the bears are playing and have the upper-hand. ➖ These signals are telling us that we are not in a bullish wave but rather a bearish wave. ➖ These signals confirm the $73,777 price as the top of the bullish wave and the three months of consolidation as being part of a distribution phase.
Let's go to the title... A major move is now on the radar and it is coming faster than what most people think. We are ready for another low, a lower low; a major crash starting ... NEXT WEEK!
Yes! Next week is the date when Bitcoin will hit a new lower low. 👉 This lower low is set to test a support price range between $52,000 and $50,000. But this support range is pretty weak so it will be interesting to see how the market will react when it hits.
➖ Will there be a strong bounce before we go to test the low 40Ks? Or will we experience straight down since there is no strength at 50-52K? We have to wait and see but one thing we do know... The correction is not over, prepare for the next major move; a new lower low.
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