Bitcoin / BTCUSD started the week on a strong note but as it approaches the 1day MA200, it is turning into a sell again.
The 2022 Bear Cycle had a similar rally in July that got rejected early in August and started a downtrend that took its time to price the bottom of the Cycle under the 1.5 Fibonacci extension.
Both Cycles have a similar structure, also evident on their RSI patterns.
Target 50000, which actually seems to be a minimum technically.
