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Bitcoin$BTC is about to fall below a new low!
The current rebound is just symbolic, as we are in an early bear phase. The characteristic is violent declines that leave you no time to escape or panic sell.
Bitcoin has already dropped over 40% from its high, and ETH$ETH has been halved.
The early bear phase is about to end, and the mid-bear may occur between March and July, at which point the violent declines will end and we will see repeated choppy movements that test investor patience.
The end of the early bear phase may be marked by Bitcoin falling to around $65,000, after which the frustrating mid-bear begins.