Bitcoin [BTC]: It's TIME! Crypto Is Ready When THIS Happens.

Market Analysis

The cryptocurrency market is experiencing high volatility, with prices breaking lower and giving back almost half of the previous day's gains.

Key Indicators

• 24-hour volume is down by 48% at $306 billion.
• Daily exchange volume is moving away from the $60 billion low, but needs to break and hold above $85 billion per day for a sustainable uptrend.
• Long-short ratio favors the short side, with a 2% differential.

Bitcoin Analysis

• Bitcoin is stuck within a range of $89,000 to $109,000, described as a "washing machine market" where trends are not long-lasting.
• A breakout above or below this range could lead to a larger shift in sentiment and momentum.

Time Analysis

• Historical crypto cycles have shown similarities in length, with bull markets lasting around 1,100 days and bear markets around 400 days.
• The current cycle is the fastest in history, with a potential correction before reaching new highs.
• Time analysis suggests higher prices, but price confirmation is needed.

Outlook

• Trends remain down, and a change in swing direction and higher low are needed for a potential reversal.
• The market is waiting for a confirming indicator, and failure to see this could mean the preceding trend will continue.