Bitcoin is waiting for a trigger. Break down looks imminent

13 oct. 2022

Bitcoin remains grossly bearish and if you look at the price with a bullish bias, all you have to do is turn the chart upside down.
The price action in the past 3 months clearly suggests a continuation to the downside and all Bitcoin needs now is a trigger for the break of support.
Although FOMC minutes yesterday proved to be a non-event, today's CPI could be a different story.
After 3 months of consolidation, a break of support could lead to acceleration and a drop of 20-25% is very probable in such a case.
I remain bearish as long as the price is under 22k.

13 oct. 2022

Note

BtcUsd is very weak, is trading exactly in support if we are looking very strict, in fact IMO this support is already broken.
More weakness is very probable