Bitcoin investors had a absolute nightmare this year. The bleeding simply doesn't stop and HODLers are massacred in the process.
However, The market looks to be offering a short term bounce.
Since the last chart I published in June. The market has held that long term support till mid November.
I was absolutely optimistic in June that this bleeding might end by the end of the year. Now, in Mid December BTCUSD price is exactly at the same price level as it was in September 2017 where the bull run started and absolutely thrilled and enticed even the person with absolutely no knowledge of Crypto to research and invest in one of them.
The price may offer a short term bounce from this support level and the maximum even in the best case scenario is at around 5200-5300 price range and anything below 3000 is the best exit point of the market.
BTC investors need a savior ironically in the form of friendly government regulations.
This analysis is just my opinion on the market considering the technical hints provided by the market movement and not to be considered as an investment advice.
Thanks for your time.
Have a pleasant day.
However, The market looks to be offering a short term bounce.
Since the last chart I published in June. The market has held that long term support till mid November.
I was absolutely optimistic in June that this bleeding might end by the end of the year. Now, in Mid December BTCUSD price is exactly at the same price level as it was in September 2017 where the bull run started and absolutely thrilled and enticed even the person with absolutely no knowledge of Crypto to research and invest in one of them.
The price may offer a short term bounce from this support level and the maximum even in the best case scenario is at around 5200-5300 price range and anything below 3000 is the best exit point of the market.
BTC investors need a savior ironically in the form of friendly government regulations.
This analysis is just my opinion on the market considering the technical hints provided by the market movement and not to be considered as an investment advice.
Thanks for your time.
Have a pleasant day.
Comment:
The market has bounced about $300 and hoping see more gains for 2-3 more days.
