Technical analysis by Cryptarch_ about Symbol BTC: Sell recommendation (4/22/2025)
The Big (BTC) Short

*please note that this chart has been "flipped" so is upside down.It's difficult to ignore the number of indicators and chart patterns that are signalling a move up for Bitcoin:- Bullish div in daily RSI- Oversold daily RSI- Breakout of downtrend (both RSI and chart pattern)- Near-touch of the previous ATHEtcHOWEVER this idea is a "what-if-everyones-wrong" hedge. We've already seen a break in the uptrend that was in play since Oct 23 so it is feasible that if we break through again we could see a significant move down to the sound of -30% which would re-test the 618 fib and is a liquidity-rich Zone.Entry @ 94K (which ironically is also the 618 measuring from ATH to the local trough @ 74.5K) which coincides with the random "pump" we saw on Sunday 2nd March. I think the crypto God's are telling us something with this particular price point/wick.Estimated flight time is roughly 2 months (back end of June).