BTC Capitulation

Market price has spoken. The break below 91K suggest we are in a ditribution phase, this seems not to be another re-acumulation.

If this bearish hypothesis is true, I would expect the price to reach lower ( 65 - 73K area) in accordance with macro Fibonacci levels. Once BTC will reach those, we will see the sentiment for a possibility of a bounce back to 100sK area. But by the moment, my sentiment is bearish.

Disclaimer
Trade only your own ideas. This idea is only my mere speculation and I do not provide financial advice, nor I am a professional in this field. I hold BTC and other cryptocurrencies.



Good luck to everyone,



T.