Bitcoin/Dollar logchart 2017-2025
Here is the updated version of my long term Bitcoin logchart. Looks like we are entering a new cycle.
If we look at the 2 previous cycles, the bear market bottoms were around 85% from the cycle top.
For this cycles that would be around 10k USD, but with the fear of a world wide recession, maybe we can
see lower prices this time.
The fibonacci trendlines are still the same, as i drew them in october 2018. I hope
they will continue to give a good market overview and trade setups.
If we look at the 2 previous cycles, the bear market bottoms were around 85% from the cycle top.
For this cycles that would be around 10k USD, but with the fear of a world wide recession, maybe we can
see lower prices this time.
The fibonacci trendlines are still the same, as i drew them in october 2018. I hope
they will continue to give a good market overview and trade setups.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.