Bitcoin capitulation later this year

13 May 2022

In the two previous bear markets it took about one year from the all time high to reach the bottom. Bitcoin is due for a big bounce, and I think it will be rejected around the 200 day moving average. It will likely range and the volatility will probably decrease until capitulation in Q3 or Q4. The 200 week moving average is an obvious target, but it could also wick down to the 300 week moving average (like it did in march of 2020).