The cryptocurrency market is facing an intensifying bearish trend, with $BTC showing signs of a triple top pattern within a strong descending channel. Many SHORT trades are hitting their targets, suggesting a significant downturn could be approaching.
Itās challenging to recognize these shifts, especially when thereās a sense of disbelief that prices might rebound soon. However, the market has been trending down since March 2024, and by the time reality sinks in, it might be too late to react effectively. Remember August: by then, many only began to grasp what was happening.
Market psychology can be tricky. When prices drop, we anticipate a recovery; when they rise, we brace for a crash. This bearish wave seems poised for a significant move because of how long itās been consolidating.
Prepare for a potentially swift downturnāthe final crash of 2024.
