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#BTC
Macro Anylsis
While the permabears calling for much lower ( 40-50k ) chart looks like this 👀
Let me explain :
Back in 2022 after the FTX lows 99% of CT were calling for much lower 12.... 10.. or even lower, what happened is we stayed below a major low - 17.5k then after a massive breakout the bottom was very easy to see.
We have a very similar situation right now, staying below a major low - April 2025. I do believe once 75k is reclaimed on a weekly TF it's GO time 🚀
Looking at the Weekly RSI we touched exactly the same level as 2022 ( and yet most people hope for below 50k $BTC )
My thoughts 💭
We have never been closer to a macro bottom than now. For sure taking out the 60k low is on the cards, but it's not necessary to do so. Combining this with all the bearish talk and "4y cycle low" gives me the same vibe as the so awaited 10-12k in 2022. 👽
#Bitcoin #Crypto