Bitcoin Downtrend playing out with a high chance of a breakout

7 Mac 2022

Based upon Bitcoin History on Feb 22, 2022 a made the grey downward triangle that would put a Bitcoin bottom at around $26,600 and $22,300 since I added the down trend Bitcoin broke above it once for a four day period before falling back into the down trend. It is now looking more likely to brake from the downtrend today and make another leg up before returning into the downtrend. I look for the downtrend to be completed by April 28 depending on world crisis. I would like to see the downtrend over by April 20, 2022. Keep in mind this is not financial advice, this is just merely an analysis of previous cycles what we should expect going forward. The big factor being mass adoption, while Bitcoin hasn't gone massive public adoption world wide yet. We are currently in the Institutional phases of Bitcoin in my opinion. We are seeing ETF's, governments adopting Bitcoin as legal tender, governments accepting Bitcoin for taxes, Governments making Bitcoin friendly laws. Major financial institutions admitting they were wrong about Bitcoin and now offering Bitcoin related products to their customers. The World we live in is changing rapidly, and a lot of people are calling Bitcoin the great Financial Reset. While that may be a reach it is becoming obvious that Bitcoin can still thrive even amongst the threat of World War 3 and Nuclear Warfare threats. Bitcoin has proven it's worth over the last 13 years and is entering a game changing stage where we would ideally not want to revisit normal lows. $30,000 bottom would be extremely bullish going forward.