Markets can't go up indefinitely and Bitcoin already had quite a performance, the altcoins are still under performing for the time being but this dump could be very much expected.

Before I continue making this post I would like to say this all is NOT financial advice and always Do Your Own Research 😊

I've been in to crypto 6 years now and although I stopped trading (retail is just food for whales hunting our stop losses) I think I learned to read charts in this time, so it wasn't a surprise something like this was going to happen, I've been planning for a dump for months but I was proven wrong by the Bitcoin Bulls, until now..

On January 20 2025 Bitcoin made a new All Time High, I like to mark highs and lows with arrows, higher highs and higher lows are green (positive) while lower highs and lower lows (negative) are red, I learned to read charts this way without any indicators because they are always lagging, price action is just what it is.

From the start of February Bitcoin went in to downward compression, meaning lower highs while having a more or less flat support, I drew this as a triangle.
When we arrive to the end of compression, the price usually makes a big move and because of the downward compression, chances were higher we would see a continuation of the trend, the trend is your friend!

When I started this post the price was at $87k but I'm now seeing it getting closer to $86k already, losing the last support in that area.

Bottom is in?

So I saw someone on X saying the bottom is in, and for now Bitcoin is still getting support at the $86k level but dumps mostly comes in two waves, with a little to where the price recovers a little in between, so actually I don't think the bottom is in...

Price targets?

When I zoom out a little I have two points of interest, the first is at $76k this is where the pump halted and made a little level but the big point of interest I think is $69k because this is the start of the pump and it also is the old All Time High level from the 2021 Bull Run.

You think I am too bearish? From the level where Bitcoin lost support in the compression zone, it's a 28% dump, last bull run we had multiple dumps around 30% so I think this is really possible.

Keep in mind that Bitcoin will probably tear down the alt coin market with it as well.

Bearish?

This is not by any means bearish, it's just a healthy, temporary retracement and it's a very good time to buy some more Bitcoin before we blast trough the $110k zone!

What are your expectations and plans if you have any?

Thanks for reading, and take my article with a grain of salt, I'm just a random guy on the internet crazy about crypto and enjoy making posts 😉

Well, I bought the dip late last night adding to my ONDO position. It is higher now, but may dip more...
I don't know what we will have short term as USA seems to be a mess and might be heading into a major recession with that the whole world will go into recession and high risk assets like crypto will be in the toilet. If a major recession scenario plays out we might see BTC at 20k again...

Regardless of that I believe we are kind of at the dawn of Internet once again, except this time it will likely be AI and real world assets. Coinbase isn't going anywhere and their Base blockchain is likely to be a big player going forward.

Given all that I have positioned my risky bets in ONDO-RWA, NEAR-AI and AERO-BASE and will be buying if more buying opportunities come along.

I am also accumulating Hive as a potential Coinbase listings play as well as one of the best blogging blockchains. Holding on to my ETH and the reduced position in BTC.

Bitcoin dumping: Was this everything!?

Bottom is in?

Price targets?

Bearish?