Bitcoin in search of the bottom: are we preparing wings or will we fall?

Bitcoin in search of the bottom: are we preparing wings or will we fall? The growing crisis is forcing investors to look for alternatives, but there are practically no options left. Alas, the main crypt is pessimistic and only increases the general panic.Cryptocurrencies are considered a universal cure for the crisis in the traditional finance market. For example, after the presentation by Kvarteng of the program to reduce the tax burden, the British began to actively buy all BTC assets to hedge against inflation and devaluation. Over the past two months, trading volumes in BTC/EUR and BTC/GBP pairs have shown an increase of more than 4 times.Bitcoin is trying to cling to the sacred $20,000 level for it. The idea of strong support is quite real  the drift in this zone has been going on for more than 120 days. Analysts from the Glassnode agency, comparing the current dynamics with the bear market of 2018-2019, find repeating patterns in the behaviour of market participants.For example, at the end of August, after the active distribution of coins, the market recorded a short equilibrium phase, and large players with a balance of $1,000-10,000 BTC even tried to buy. A similar trend was in March 2019, after which growth began.Another factor stimulating interest in accumulation can be considered a net outflow of coins from crypto exchanges (approximately 15.7 thousand BTC).  the maximum volume since June of the current year. Probably, large buyers are waiting for the price increase and do not intend to sell shortly.Today, even regional banks are accumulating cryptocurrencies, forced to use open market speculation to support their liquidity, although the crypto in the composition of assets increases the risk of a quick bankruptcy, similar to Lehman Brothers.We estimate the depth of the short-term fall to the psychologically significant level of $16,000-15,800, although the balance of volumes is gradually shifting towards the buying zone. On a confident breakdown of the $20,000 level, we will look for the first real target in the $22,200-22,350 zone.Profits to yall!