Bitcoin Situation

Bitcoin $87 900. Currently, everyone is talking about a bear market; similarly, this spring we also experienced a bear market, and there have been 3 during the entire bullish cycle. Nothing can be proven to the skeptics here, but I’ll give an example (see the chart in the post), the spring correction of this year is identical, back then everyone was also talking about a bear market and "everything is lost."

We have a clear downward trend line (white line), just like back then, approaching which we see a strong seller reaction.

If we overlay the situation from then onto the current one, then in a week we should drop to around $76 000, then rise again in 7 days by the end of December to around $87 000, then $105 000 in January.

A drop below $75 000, into long-term monthly accumulation, indicates no market bottom — it’s a bear market.