My perspective is that we can take big hits to current values and maintain a bullish trajectory.
Ignore the overall lines, I am only trying to highlight that there have been numerous times in the past where people panicked, and at times prices were low for months or years... But these were technically buying opportunities on long-term bullish trends.
![[Image: QkM1klE.png]](https://i.imgur.com/QkM1klE.png)
This chart also does a good job of showing some channels I've mentioned in past for potential swings between 70-140K, and stronger support at 90k+ and possible resistance at 120K.
Some of these lines have been true for many years now. How you interpret this chart is up to you... You can make a case for a gradual reduction phase to enter another winter, or a case that we haven't truly peaked.
Looking at halving charts is another great way to see long-term trends
Ignore the overall lines, I am only trying to highlight that there have been numerous times in the past where people panicked, and at times prices were low for months or years... But these were technically buying opportunities on long-term bullish trends.
![[Image: QkM1klE.png]](https://i.imgur.com/QkM1klE.png)
This chart also does a good job of showing some channels I've mentioned in past for potential swings between 70-140K, and stronger support at 90k+ and possible resistance at 120K.
Some of these lines have been true for many years now. How you interpret this chart is up to you... You can make a case for a gradual reduction phase to enter another winter, or a case that we haven't truly peaked.
Looking at halving charts is another great way to see long-term trends



