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BITCOIN CAPITULATION SIMILARITY | ONE MORE PUSH DOWN

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Bitcoin, during the recent capitulation has shown similarity with the last capitulation from 6000>3200.



  • 2-3 week initial capitulation
  • Followed by a "bullish" weekly spinning top
  • Followed by a final push down lower in the following weeks



Last time this occurred, Bitcoin bottomed out and entered the accumulation phase in the following months.
This may mean that a bottom may be in the works and to be expected in the following months.
Note
snapshot
S/R Inversion

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