The destination of bear market

I don't wanna talk about why Bitcoin still tends to create lower bottoms (because anyone who has followed my previous analysis, knows enough about reasons), instead I wanna talk about the last targets of crypto bear-market for the first time...

As you can see, BTC has low-scale Bermuda's above. Mostly on hourly and minutely time-frames, but there is a green daily Bermuda on 20K. In addition, there are bunch of liquidity (flats) levels which has depicted by yellow and orange horizontal rays(lines). I think they are good candidates which can avoid price to climb up...

On the other hand, king of crypto market has lots of high time-frame Bermuda's below. Whatever you imagine, MONTHLY!!, WEEKLY!, daily and some 4H and 1H. From my point of view, they MUST have touched at the end of the bear-market. So there is a frightening destination waiting for HODLers ...

After all, if I have to give a single number for tip of lowest shadows, I would say 8888$. What a beautiful number they said, well said :D

Last but not least, you can use Bitcoin hash rate chart as confirmation. Until it hasn't outstanding retrace, the winter is still coming ...
Bearish PatternsbermudaBeyond Technical AnalysisBTCCryptocurrency

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