BTCUSD Long-Term Analysis
BTCUSD reached ATH just under 
65K on 4/14/21, during a period which rejection wicks were being produced @ and above 60K on the Weekly Time-Frame. This concluded the Bull Phase and the market entered our "current" Bear Phase. BTCUSD has currently reached a pivot low just above 28k, during a period which rejection wicks were being produced @ and above 33K on the Weekly Time-Frame. BTCUSD is nearly 50% from ATH, and with Short Interest increasing in the most recent of days, Bears have shown their hand, providing Bulls with enough liquidity to produce a market shift, otherwise known as a "Short Squeeze". The market is designed to transfer money, so never become "too comfortable" with current market conditions. The weight of trend reversals are not to be underestimated. Good luck to all!
65K on 4/14/21, during a period which rejection wicks were being produced @ and above 60K on the Weekly Time-Frame. This concluded the Bull Phase and the market entered our "current" Bear Phase. BTCUSD has currently reached a pivot low just above 28k, during a period which rejection wicks were being produced @ and above 33K on the Weekly Time-Frame. BTCUSD is nearly 50% from ATH, and with Short Interest increasing in the most recent of days, Bears have shown their hand, providing Bulls with enough liquidity to produce a market shift, otherwise known as a "Short Squeeze". The market is designed to transfer money, so never become "too comfortable" with current market conditions. The weight of trend reversals are not to be underestimated. Good luck to all!
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