ππ«π²π©ππ¨ πππππ‘ππ« π π¨π«ππππ¬π #16 - Did we just hit the higher Low that ends the Bear Market?
DidnΒ΄t we have fun Yesterday?
Three weeks of gains have been whipped clean in less than a day and BTC is forming a higher low at 21K.
This was not very unexpected, but it was needed. The market can not keep going up without a real reset.
If this was the cool down the market needed 4 weeks prior to the ETH merge, it should give just enough time to break to the upside and the 25K BTC resistance over the next 3 weeks.
The Higher Low That Ends The Bear Market
Is this really the higher low as we saw in 2018/2019 bear market? There are many similarities but it remains to be seen.
Based on other posts I still think that a 70% drop from the top is still not the bottom and thus I still expect a lower low around 15K BTC before we move back up in early 2023.
The Crypto Weather Forecast is my take on the crypto market, sometimes serious, sometimes sarcastic, often with a wink, and Always Honest.
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I don't expect anything right now, just go with the flow and see what is happening. I'm only in protocols that make me profit daily, not too much depending on price action ... and once the bulls come back ... it's going to be awesome.
But that being said, it seems a lot of similarities there ... so, we can have hope!
The weather forecast today is, I am a robot! π΅π΅π΅π΅