First weekly Low on $BTC after 22 months



GM,

Since January 2024, Bitcoin has been printing this weekly Higher Highs and Higher Lows sequence.

Yesterday we had the first new weekly low, invalidating the previous potential Higher Low at the 92k area.

As long as the 92k area holds as weekly resistance, 80k and extended to 74/76k are the next potential targets.

Don't know if it's the beginning of a bear market by old standards, I'm just bearish on the weekly chart for the first time in a long while.

If/when something changes in the weekly structure I will do my best to adapt. Until then, I'm bearish.
BTC0.12%
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