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CryptoCon

The bear flag has now broken to the downside!

That means it's time to start looking at lower prices that typically come very quickly after that happens.

The next support on the Volume Profile is 38k - 43k. This is also the cycle bottom target of Realized Market Cap and the Golden Ratio Multiplier.

But... the volume there is relatively thin, much more so than our current price. The next strongest block after that is 25k - 30k. This is the bottom target of the Magic Bands and Bear Bands.

42k seems very likely as the next major stop, which will probably take some time.

Expect that people will scream that the bottom is in on the next drop, as they have for the past two. Maybe it is, maybe it isn't. The Halving Cycles Theory, which remains perfectly on track, says not until the end of the year.