Market Vibes Over The Classic Q4 Dip Pattern 🌑
Trader KillaXBT is straight-up betting that the structure of this cycle outweighs any seasonal spooky patterns that usually pin BTC lows to Q4. In a post on X he challenged the whole idea that we still need another low before the uptrend kicks in. “I want to show why I believe that may not be the case,” the trader spilled. “The BTC bottom is already in, and what we’re likely seeing now is the market derisking as legacy markets fall off a cliff, with crypto simply following the correlation.” 💀 According to them the coin always drops three big lows each cycle no matter the season. They pointed to that 2023 bottom that felt way too similar to the chaos we’ve been swimming through this year, with two more lows clustering close together. 👁️ The watcher figures structurally the corrective floor got carved out already, even if seasonality says otherwise. “I’m implying that, structurally, the market has bottomed and the bear market is over. So either you have more faith in market structure or in seasonality,” they added. 🦇 Plus they don’t see BTC printing a fresh low before the year wraps because it just wouldn’t match the usual cycle shape. 📉Market Dump Testing The Bottom Theory 💸
Prices are giving the doubters ammo right now. BTC sits just above 76,000 at the moment. Yesterday it popped near 81,000 after bouncing from that 7-week low at 75,600, then slammed below 76,000 as stocks crumbled and over 560 million in longs got liquidated in one hour. 🚀 We’re looking at a 5 percent drop in 24 hours and 3 percent off in a week, plus a 10 percent slide over 30 days that leaves it 28 percent lower than a year ago and 39 percent off the 126,000 ATH from October. 👻 Analyst Ash Crypto blamed the broader sell-off on AI restriction fears plus fresh Iran tension worries. He says the 50-week moving average near 75,500 has to hold, and a push back above 80,000 would get momentum rolling again. 🕯️Just another echo from the void by iconofsin.eth 💖
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