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Bitcoin Bottomed: May We Bottom at $9.5k?

(1) BTC on the 4 hr, we see yellow vectors indicative of bottoming out at the danger zone where various previous support has been found; on the 8 hr, we see a blue vector printed in the lows along the range of the yellow vectors, as well along the D.Z.

(2) On the 12 hr, we see a similar printing of a pink vector, which could lead to further indication of a bottom and reversal from this point. If Bitcoin loses the D.Z. Of 18.5k to 17.5k, then it is possible for BTC to fall as low as ~12k, with potential wicks to ~10k.

(3) It is my personal bias that BTC has bottomed and that it will eventually reverse from here to begin the next bull run to finish the current phase two. Bitcoin , ie blockchain, is more than just a fundamental store-of-value…

(4) it is a revolutionary technology that is going to serve as the singularity evolution of man when paired with A.I., and as someone who is invested in this scene and technology, if it’s fundamental store-of-value plummets—in the case of ~12k—I will be deterred due to this…

(5) being an expression of the integrity of the technology that does not shine a positive light. This technology was built to decouple from the traditional fiat markets, will crypto/blockchain prevail as the old and known conventional systems burn away like dead wood, or not?

This post is based on this twitter thread.

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