Healthy indicators that Bitcoin is going to pump, but the question is when.
[img height=400]https[Suspicious link removed]/status/1405252683431178240 https://twitter.com/crypto_birb/status/1404844613677076495
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FRFbcH1b.png&t=665&c=m3xxyF8NJVmHSw)
I would highly recommend you guys DYOR and not refer to the cheerleaders who literally run paid groups & bank on generating hype. Also Birb publicly called me out when I called top at ~$58k so maybe I just dislike the guy on principal.
FWIW, there's a non zero chance we see lows between $10k and $15k (should the downtrend resume). Yes that sucks, but that's what the charts are telling anyone who knows what they're looking at. We have just completed wyckoff distribution and are at a pivotal point now. Distribution actually has measured target moves, 2 in this situation: Around ~$30k and another much lower. It all comes down to the market and if enough *new* money is there to turn the downtrend around and send it north again. Said another way, there are 2 scenarios I'm observing. Scenario 1: $30k was the bottom and all is well. Scenario 2: $30k wasn't enough and the downtrend continues painfully. Think 2018 bear market pain.
My intention is not to cause pain or bring FUD, it's just to lay things out as black-and-white as I can based on TA only. I don't use any fundamentals/news in my analysis.
Quick edit to add: Price is still below the 20 week moving average which historically been the "gg" signal, where the game changes more to "sell the pump" rather than "buy the dip" until an extended period of consolidation occurs. Talking months, not weeks. If price is able to reclaim the 20 week EMA (now around $42k), then we're good. Until then, be cautious and for god sake limit your margin. There is no bullish trend currently, regardless of what Crypto Twitter tells you.