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HOPIUM for Bitcoin
The bottom is in for now, and we are due for a relief rally soon unless stocks crash hard.
Bitcoin is now retesting the previous all-time high from 2021, which last time marked the bottom for BTC.
In 2022, BTC tested the 2017 ATH of $19,800, dipped below to $15,400, and then formed the bottom.
We are seeing the same pattern again: we just went below the 2021 high of $69,000 and tested the $60,000 level.
So the bottom is likely in and we should bounce, but if stocks dump hard, BTC can go lower.