Athena Index score: pending/100
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And last week means that we've local topped at best, and at worst we've bear market peaked 540 days after the halving.
technically Bitcoin could peak on the 31st of December of this year and still wrap everything up within candle one of 2025
93 K is going to be that level that opens up trunk and continuation towards the downside
As long as we monthly close above this macro range low, then we're going to preserve this range and we're going to continue to consolidate here.
the bear market that will inevitably come
position properly near the bear market bottoming region
Holding these EMA's and just deviating below them while then slinking back above them like we've seen back here and also back here, that would be a fantastic opportunity for bottoming out, building th
So weekly close above here and any retesting in the short term, that would be a really positive signal to get price back above 114 k.
there's a possibility here that we're going to be holding at a high or low and that high or low also happens to be at this 108 key region
price could end up as another downside wick and and weekly close above 114 by the end of the week.
breaking beyond here would extend the cycle to a certain significant extent, because price would need to gallop and explore higher prices beyond 130 and a half K
we're still consolidating in a sideways fashion, but doing so in a way where premium buying is still evident to a certain extent in this higher low price action that we see here.
That 2025 will be the bull market peak year.
the next bottom should Bitcoin continue to correct over the coming months.
Bitcoin Breaks Down - More Downside To Come? We talk about the breakdown in Bitcoin's Macro Triangle and discuss Bearish Acceleration.
should Bitcoin continue to correct over the coming months