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$BTC
We are currently 34 weeks into a cycle low. If we make a new low this week or next, it will be the first time this has happened in this entire cycle.
The longest Weekly Cycle Low so far was 32 weeks, which we already marked two weeks ago.
Now we’re seeing a wave of bearish headlines —
BOJ hinting at a December rate hike / China “banning crypto” for the 101241841st time / fresh Tether FUD —
and historically, this kind of cluster usually marks the bottom, not the beginning of a larger downturn.
Let’s see if this time is any different.
#BTC #Bitcoin #Crypto