Bitcoin Distribution Phase Analysis

Bitcoin (GBTC) daily-chart analysis
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[@austinsapp5867]

Great and timely analysis, Kim! While we have a lower high, it looks like we may be putting in a higher low as well (compared to the 4/30, 5/1 low). To me, this looks like a 2 x 60-day consolidation cycle; compressing around the ATH level. Is this not bullish?

[@briansmith2836]

Bitcoin needs to hold above 60k if breaks below then will head south.

[@austinsapp5867]

From what I'm seeing, it could easily bounce off of the 58k level and I wouldn't break a sweat. That would still be holding the uptrend angle from October last year. I think this is a nice cycle low and sentiment flush for BTC. I'm 100% bullish

[@briansmith2836]

​@@austinsapp5867 hope you are right

[@man_know_thy_self8455]

Yooooo! 🚨
KAYKIM said triple top 😱
We are going so much higher than anybody thought possible😂😂😂
Major macho bullish fuel for GBTC to teleport up to 80+
Respect the analysis. Thanks Kay

[@zeliobraga8068]

and hell will freeze over with this

[@Solairethedarksoul]

Dude I’ll buy 50% lower than here.

[@josephsaeteurn9158]

what happen to the bitcoin halve bull run?

[@2kaykim]

Priced in and even possible “sell the news” event