Athena Index score: pending/100
ETFs have called another short-term for now local top for Bitcoin rejecting at $78,000 per Bitcoin.
if the Bitcoin price fails here, I think we've got much higher chances of it coming back down, taking out 70K
taking out 70K, eventually 65
Bitcoin's not in a very strong position.
If this thing is gonna go on that little bit little bit more into that late quarter two, maybe into early quarter three, we have to anticipate that there could be some more tests of slightly higher pr
even if this is a significant move from the low to the 200 week sitting around 87,000 at the moment, which is about 45%.
If this breaks 76, we'll get the tests of the 50% level.
I don't know if we're gonna get the same sort of percentage return here, a 100% of $60. You know, what if the price runs to a $120?
Probably gonna break down and test the 50 to 60 region, if not lower, but let's just start with those first.
You gotta go all the way back to 2021 for any signs of support down to 70¢.
but then eventually take out these lows at 131,400 dollar low for ETH.
I know it's not what XR people people wanna hear, but they're probably not watching at this stage. They're just wishing they had sold at $3.60 as opposed to a dollar 34, and they're probably gonna kee
The target level now is above 4,900.
We could see a little bit more of a push here because we haven't broken down from $66,000 yet, but I think it's just borrowed time here before we get the test of the next lows
ETH is most likely going to take out the $1,800 low.
when we look back, on this and say six months, it will likely look like a bear market rally
you could theoretically have Bitcoin even rally as high as 90 k or even a 100 k, under sir under some circumstances, and it still lead to a lower low later in the year
this is not giving anything away for the, short term outcome for Bitcoin, but the sentiment has continued to bounce around fear.
Alright. We'll likely see a, you know, like, sort of, like, a six to nine month correction by Bitcoin in 2024
I'll I'll probably buy Bitcoin again at the end of this year.