This could be Bitcoin’s true bottom – and here’s why!

Currently, Bitcoin is not looking healthy on a weekly basis.
The structure is weak, resistance has been rejected, and the price is still retracing below the major moving averages. If this continues, I wouldn’t be surprised at all to see a move into higher priced FVG territory. But it won’t be a big drop and the price average (PA) will continue to fluctuate.
The $47,710 to $43,882 area is where I would most like to invest.
Bitcoin
——If the market provides opportunities
The market will often revert to its shortcomings before deciding on the next major trend.
Of course, this view remains true unless price proves otherwise.
Charts > Sentiment.

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