Bitcoin fell below its previous ceiling from the top of this cycle, the bottom of the previous cycle also happened from $ 17 thousand.
Weekly RSI jumped to the lowest amount in Bitcoin history, can we say that this is the bottom? There is no doubt that the price is right. Of course, in my opinion, Bitcoin should have risen above about eighty because I thought that the four-year cycle was no longer valid, but Bitcoin followed its four-year cycle exactly and the four-year cycle says that the market will be in a bear market until October! By October, the market will collapse, nothing will be left of Altcoins, right now it can be said that most of them are dead and no sane person will ever hold Altcoins for a few years.
This cycle was nothing in place and no analysis can be real, but more of a coincidence, Altcoins went from a bear market to the next bear market and there are so few transactions that it is unbelievable.