Bitcoin’s recent 20% weekly slide has revived calls for a deeper downturn, yet one critical event — a counter-trend rally that has not emerged — may determine the entire direction of the cycle. ***** yst Kevin, in his latest market breakdown, argues that the current selloff fits within a typical mid-cycle correction rather than a confirmed top.
He highlights several structural breaks that have fueled the bearish narrative. Bitcoin has slipped below the 2-day 200 EMA and SMA, breached the 50-week SMA, and lost the $98,000–$106,800 confluence zone, an area stacked with long-term Fibonacci marke