Athena Index score: pending/100
I am also bullish on bit Bitcoin
Technically, at least in accordance to the past performance for Bitcoin, we should expect five month more consolidation slash downwards risk.
everything but my heart is screaming down for Bitcoin.
maybe it's not the right time to 100 x Bitcoin right now waiting for higher prices.
one shot which was put to my attention, which we need to talk about it, and that one's screaming for 36,000 US dollars for Bitcoin.
it would be expected to be 50% at the current rate of Bitcoin that would bring us all the way down to 36 to 38,000 US dollars for Bitcoin.
the bear market low should happen in October 2026, which would mean that, potentially, we could have another leg to the downside.
I am all in in Bitcoin.
I am prepared for the bear market bottom to have already happened.
If we do break this upward sloping resistance towards the upside, we would be looking at a price target of 86, give or take 87,000 US dollars for Bitcoin
if Bitcoin breaks this resistance, better even on a weekly candle on Sunday, 78,000. Well, bearish scenario basically invalidated.
I will open a long position on the way down to grab the bottom, hopefully, the bottom of this potential, bear market finishing here for the bull market to come in the future.
As long as this is not happening, beautiful, we are at the support as the last sixteen years for Bitcoin. We've been holding these kind of support levels which were formed by the previous bull market
The moment we are breaking this on the weekly, it can get very very ugly for Bitcoin.
it gives me an opportunity to open a new trade below 65, hopefully below 60,000 US dollars for Bitcoin.
are we going sub 50,000 with Bitcoin potentially breaking the upward sloping support of this second rising wedge?
this is the last final shakeout, the last final breakdown before this bull a bear market hopefully and finally ends within this quarter