$AVAX/BTC 1W chart
We’ve been stuck in this Descending Channel since December 2021
3.5 years of ‘Down Only’ against #Bitcoin 📉
One time (Oct-Dec 2023) we had a pretty significant rebound from the Bottom of the channel to its Top. That was an Exit Pump as we got rejected by the Channel’s Resistance & 0.618 Fib 🔨
Here we are again sitting at the Bottom of the Channel, the Sentiment is quite bearish, $Alts are looking terrible, $BTC Dominance is at the cycle top, but I believe in the next few months we’re gonna have another Exit Pump (at least) and reach the Top of the Channel 📈
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