Technical analysis by GigaJak about Symbol BTC: Sell recommendation (8/4/2025)

I'm longterm bullish on BTC for generational wealth. I think it will keep going up, but not every year, we're approaching what should be the top this cycle or may have already hit it at 123k. I think the drawdown will come faster than previous cycles due to the nature of the cycle and preparedness of whales, institutions, and retail for it. Based on the 3 previous cycles and assuming 123k was the top on Aug 12th, using decay models the target is roughly 50k by December 9. That would be the bulk of the bear market move, but there would hypothetically be a little more drawdown afterward. I hope it's not this bad but just as a reminder to myself and anyone else that views this I thought this would help prepare for the worst.