Athena Index score: pending/100
I think Bitcoin's going to do something uh ridiculous very soon.
I'm going to turn bearish for the medium and and short term, looking for Bitcoin to come down somewhere around 70,000 bucks.
Bitcoin very likely does come down more from here.
I don't think that Bitcoin's really gonna be living above, especially 83, anytime soon on any higher term timeframe closing base.
as long as it's above there, I am going to be even short term bullish on Bitcoin.
I don't think Bitcoin's going in any crazy fashion to the upside in the short term here. I mean, it depends what you define as crazy, obviously, but I don't think that you're gonna see anything super,
It might be that Bitcoin comes down significantly, you know, into the mid, maybe even low $60,000 territory.
we should be expecting Bitcoin to kind of crawl its way and play in this, you know, in this upper red band here, I guess, with another move up towards $74,000.
Below it, it's gonna be looking like Bitcoin's gonna gonna get ready to test the bottom side of the range
A washout move to 6,500 would make a lot of sense to me. In SPY
I'd give credence to the 77 to $80,000 target, which Bitcoin very well made hit on this rally.
If Bitcoin can reclaim that [rev ribbons mid band at 66,300], I will absolutely turn change my tune
if Bitcoin can reclaim that, then I would be looking at that $69,300 area as the next target
I'm absolutely massively disastrously bearish on this chart...I don't even think you want to buy it there even if it does bottom there
If Bitcoin must continue to the next downside target, it would be the lower band just like the band band right here, which is $56,000
If Bitcoin does close below that, then I look for Bitcoin to continue to trend towards that next band... 56,850 between there and potentially even a wick down to like 55 155 200.
if Bitcoin does bounce up there intra month...we can probably expect at least a pullback on the first pass
I do think Bitcoin will probably get at least towards this one, but it all it all matters where things close
if Bitcoin even just trades below the Monday low which is 61 281... probably getting ready for another test of 58,000
If Bitcoin were to really break below, like really break below 60,000 bucks, there's no reason why XRP can't get back down to 50 60 cents