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Bitcoin Bear Market Resistance Band

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Benjamin Cowen

1,253,592 subscribers

130,988 次观看 • 3 个月前 •via X (Twitter)

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$BTC Weekly Update: This is Bitcoin’s largest weekly candle since 2024. Bitcoin is now facing strong resistance at $80,000, a level that has historically acted as major support and resistance. Bitcoin is trading well above the bear market resistance band. Depending on the upcoming weekly closes, it could flip this resistance band into a bull market support band.
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$BTC Weekly Update: This is Bitcoin’s largest weekly candle since 2024. Bitcoin is now facing strong resistance at $80,000, a level that has historically acted as major support and resistance. Bitcoin is trading well above the bear market resistance band. Depending on the upcoming weekly closes, it could flip this resistance band into a bull market support band.

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During midterm years, Bitcoin ALWAYS trades below the bull market support band. Everyone's narrative right now is that the stock market is outperforming Bitcoin and that this is somehow strange. IT'S NOT. It happens every single cycle. Once $BTC starts outperforming the stock market again (breaking back above the bull market support band), that might be your signal the bear market is over.
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