The real bear market is about to peak its head unto crypto... and boy does it have an ugly face.
For context, the pitchfork is measured using the start of the downtrend at 70k using the daily candle chart. The Fibonacci retracement is measured using daily's previous price action most notably it's bounces.
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22K possibility is only possible after February 25, and not a day before. I'm also expecting the bear market to end this month... so I expect extreme volatility towards the downside since we are 8 days as of writing before monthly close.
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The information above is purely speculation.
None of this is financial advice.
Personally, I will be buying more crypto once Bitcoin reaches 22k area.
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