/biz/ - Business & Finance

For the LINKies in the crowd, I don't think it looks very good for the bitcoin pair (or ETH pair either). pic related is the weekly chart

The weekly consolidation that generated the all time high should have acted as support for a new uptrend if we were bullish still. Any time we have bounced off it, it has been short lived and extremely small. Usually when altcoins make this kind of "slide of death" pattern, they finish off with a massive spike down and then it bounces immediately back up.

I would look for this capitulation first and look to buy up all those bags people dump when that giga trendline breaks. You have a nice base of support around 45-50k sats that should hold on the first touch.