Bitcoin - Next Cycle
Updated
Back in 2018 this indicator marked the bottom (light green dot):
This is happening again... in november a downtrend ended, and right now it's neither bullish or bearish. After a downtrend there's usually a range, so I'm expecting a retracement hopefully back to 30k, afterwards comes another trend, and I will bet for another downtrend late 2023 / early 2024, at the end of 2024 a new bullrun may begin.
This is happening again... in november a downtrend ended, and right now it's neither bullish or bearish. After a downtrend there's usually a range, so I'm expecting a retracement hopefully back to 30k, afterwards comes another trend, and I will bet for another downtrend late 2023 / early 2024, at the end of 2024 a new bullrun may begin.
Note
With all the information we have now I believe that we reached the end of a corrective period and the price of bitcoin will chop and then keep going down to lower lows... 10k here we go.Note
It's probably safe to say that the lower lows (below 15k) aren't going to happen.Note
What can I say... wrong af.
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