BTCUSD: 8 year Megaphone shows where the bottom will be.BitcoinCRYPTO:BTCUSDInvestingScopeBitcoin remains heavily bearish on its 1W technical outlook (RSI = 35.949, MACD = -6042.600, ADX = 22.799) as despite the short term rebound, the month remains strongly red. The recently tested 1M MA50 didn't hold as Support on the 2022 Bear Cycle and the Megaphone pattern instead bottomed just under the 0.618 - 0.786 Fibonacci Zone. The 1M MA100 has this time however just entered that zone, so this Cycle's bottom is likely to be higher this time, with the $50,000 - 40,000 range concentrating the highest probabilities. TP = 50,000 but buy earlier if the 1M RSI hits its LL trendline first. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##