Is bitcoin about to confirm this "bear market" pattern? After the 50% drop in Bitcoin in April-May, we resisted calling the drop a "bear market" UNTIL we see a confirmation. This is because a "bear market" requires two important criteria: (1) break of market structure on multiple timeframes and (2) rallies getting rejected. Are we seeing these patterns right now on the bitcoin chart? What are the key levels that could potentially increase the probability of a "bear market"? We look at the charts. Video by Alessio Rastani.
