Looking at price retracements from prior cycle ATH's to ATL's we find bitcoin retracing slightly less each time. Regressing the sequence yields about 82.6% from Bitcoin's 69k cycle ATH, putting the projected cycle low in the 12 K area.
Red channel is a potential channel formation to watch for.
Arrows serve as a visual aid of waning trend momentum cycle over cycle.
Red channel is a potential channel formation to watch for.
Arrows serve as a visual aid of waning trend momentum cycle over cycle.
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