Technical analysis by CRYPTODOTIDEAS about Symbol BTC on 5/12/2023

Bitcoin - an infinite range and a time based capitulation ? After a 90% rally from the lows Bitcoin seems now to have lost its daily structure. We are officially downtrending on the daily. We can make an argument that the next couple of weeks will be range bound Therefore I expect some chop around the daily support, weekly support and previous mid-range I think the bottom is in, and we won't revisit 15k. Buying weekly support is my next area where I want to do business for swings I will be all-in if we reach 18-20k area. Until then, good luck to everyone