1. First one was 6th February. (BTC around $5800 and market cap around 280b)
2.Second one was around April first week. (BTC around $6500 andmarket cap around 255b)
3. Third one "now". I think this is another opportunity who missed last two. I think we can see the price around ($6800 to $7100, just my opinion)
Good news that, we are making lower high each of these stages. One day chart shows we do not have much momentum to deep much lower.
Well it already got pretty close to $7100, and hopefully it wont get much lower than this. If it does, it will take a lot longer to recover, because it wont transmit enough confidence for a new attempt of recovery to happen (and it would also jeopardize all the work that has been done in the past weeks). We had 5 weeks of recovery, from $6.5k to almost $10k, but we felt short. We are now on what I expect to be a normal consolidation, after that run. It's perfectly healthy for markets to form another higher low, to then resume the up run again.
Looking at the weekly time frame, it would be nice that this last $7.2k mark would have been just that, and now the bulls would try to beat the $10k resistance again.