This is how I see the structure of this Bear Market
We've already spent more time chopping between $62-78k than between $84-97k back in November-January, so now I assume we are dealing with a Double Zigzag (WXY) and this move from $60k to $79.5k (could go even higher as the next major resistance sits at $85k and the ABC target is $82.5k, so a little more upside would be quite normal) is Wave (X) between two bearish Waves (W) & (Y).
From the timing perspective, we still have ~5 months of this bear market left.
Wave (W):$126k --> $60k Wave (X): $60k --> $80k and now I'm expecting the final wave down - Wave (Y): $80k --> $40k (Bear Market Bottom in September-October 2026) π
CryptoBullet#BTC 3D update So here we are - testing my $78k Major Resistance Level I'm not surprised by this as I was the first one to mention this scenario back in early February πββοΈ π $78k is a very serious Resistance Level, but if the bears are trapped in highβ¦
$78k is a very serious Resistance level for #BTC
π 1W: EMA21 + Horizontal π 4h: the Top of the Parallel Channel
CryptoBullet#BTC 3D chart Weβre approaching a strong Support Zone - $62,500-67,800 (1.618 Fib + POC on VRVP + A=C) Once we dip into that zone Iβll be looking for a strong bounce π IMO #Alts will show strength during that bounce
#BTC 3D update
So here we are - testing my $78k Major Resistance Level
I'm not surprised by this as I was the first one to mention this scenario back in early February πββοΈ
π $78k is a very serious Resistance Level, but if the bears are trapped in high lev shorts, we'll smash through the resistance to liquidate them (remember the $6k Resistance in 2019?)
From the TA perspective the next Horizontal Resistance is at $85-86k π
CryptoBulletI think more and more alts will casually pump like that
Yesterday it was $ENJ, today it's $ORDI π
This $ORDI pump is even more impressive: 3x in just 2 days!
No bullish news, nothing. Just a pump π€·ββοΈ
π That's exactly what I was talking about 2 months ago when I said 'more and more alts will casually pump like that'
And it's not the Altseason yet! π‘ If one of my coins pumps like that, I will swap it for another one that hasn't pumped yet or the one I have more confidence in.
CryptoBulletπ‘ Another on-chain indicator I'm keeping an eye on is the NUPL Clearly $60k is not the Bear Market bottom. $BTC is going much lower this year π This short-term rally (barely noticeable on this chart lol) changes absolutely nothing. Mid term looks reallyβ¦
β'NUPL didn't hit the red topping zone and the top was in, so why should it reach the bottoming zone now?'
Well, the NUPL wasn't supposed to hit the red Euphoria/Greed Zone this cycle. See that red Resistance line?
Each cycle the indicator prints a LOWER HIGH for the Cycle Top and a Higher Low for the Bottom