For anyone still unsure π
In every prior Bitcoin bear market, price followed the same sequence:
β’ Breaks the Bull Market Support Band
β’ Loses the 50W MA
β’ Chops around the 100W MA
β’ Eventually capitulates to the 200W MA
BTC is doing that again β slowly grinding lower, not crashing.
That math points to $58kβ$65k as a realistic zone. Possibly lower.
Not what the masses want to hearβ¦
But the bear market isnβt over until the last bull gets exhausted, lies down, quits, and gets grinded up by the market
π Save this chart. Thank me later.