🚨 This Confirms The Bear Market 🚨 Time Sensitive ⏰
Today, we cover the current state of the crypto market and analyze the technical aspects of the current price action of cryptocurrencies and Bitcoin. Is the Bear Market here? We answer that, and what are the targets for the 2 possible bear market scenarios? And how this could be invalidated if the bulls show up in next month’s. I also share my point of view and strategy on what I did and what I will do. This Confirms The Bearmarket.
1) This Sunday close, we confirm the break of the 50 Weekly SMA.
2) I expect a re-bounce to the 50 again. Just to keep down.
Many will say that we recovered and will go to a new ATH.
3) If point 2 happens, you can see a big weekly head and shoulders.
That will send us to 30k.
4) Point 3 will confirm a 77% down from the ATH $126k, which is 30k. Same percentage as the last bear market dump.
5) Best scenario for a bear market is around 60k. There, it would be down 50% from the ATH.
And it will be a very important consolidation zone that we got during 2024.
From Feb to Nov 2024, we just ranged there. It could be support for the next bear market 2026/2027.
If we consider the concept of less dumping and less pumping, because companies and countries are adopting.
6) RSI super oversold:
https://x.com/Sykodelic_/status/1991820443393646934/photo/1
7) Denial: https://x.com/Free_Atma/status/1991830780948132334
8) FED intervenes, price will just go up is a lie. Check Rastani video:
https://www.youtube.com/watch?v=8cb_umvZMoU
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@Crypto Currency State is a channel with the best Technical Analysis, Coins and Project Reviews, and Cryptocurrency News. I do original videos that you will not see on Youtube. Coins reviews. Market Analysis. Bitcoin. Ethereum. Ripple XRP. Polkadot. Vechain VET. Cardano ADA, Solana SOL, Binance BNB, Solana Airdrops and more.