A close below $40k is confirming the bear market

A monthly close below $40k would mean BTC is going in a bear market that could force a test of the $18k support as a possible next scenario. When comparing BTC to the GBTC chart i`m even more convinced that this cycle is done.

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The neckline is broken

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The 200w MA is starting to look more and more like a support area i would be interested in making a trade.

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GBTC double top on the monthly, neckline broken.

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Downtrend continues as expected

İşlem kapandı: hedefe ulaştı:

It was in the charts all along: