The Bitcoin weekly chart just printed something I have not seen in this cycle.


The highest volume candle on record. Red.
Price is at $69,212. Down 42% from the $120K peak.
The 200 Day MA at $89,158 is now overhead resistance.
The next real floor on this chart is $50,566.
Two scenarios from here:
1) This is capitulation. Smart money absorbs the panic selling and BTC reverses hard from this range. Everyone who sold here regrets it in 90 days.
2) Or this is a trend break. Price loses $69K, drifts toward $50,566, and the cycle extends lower before the next leg begins.
The volume tells you the decision is happening right now.
Which side of this trade are you on?
BTC4,06%
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