Weekly time chart- I've been eyeballing this trend-line from the peak and appears there's plenty of contact points to confirm it's existence. Year-end typically has been down for BTC in most years with a recovery the first week or two of January, which i expect since there's a 200MA hard resistance confluencing with the end of that downward trend. Capitulation can be expected to be at around 40% of the time it took to spike and recover if BTC repeats or rhymes with history, like it usually does.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.