isn't that happen too quickly, i mean just before around 40 days bitcoin prices pumped meteorically from 4200 to 4800 on a rumor of a fake news which was circulated as april fool joke that SEC approves Bitcoin's ETF, and weird thing is that no one panics even after this news was refute. recently we've also seen the tether fud which could have great impact on...
In this chart i am measuring by the assumptions of the previous bull market , if the history repeat it self again then we see a next low nearly $3900 then market start shoot up & end nearly $3,50,000 , exactly time frame is not diffing because it expand time wise but yes 2021 -2024 in mid it will touched.
The average directional index (ADX) is used to quantify trend strength. In many cases, it is the ultimate trend indicator.
It's clear from the chart that the ADX has bottomed and there is no strength left in the trend. This shows that BTC has entered accumulation since Dec 2018 and there's very little chance of seeing new lows
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Besides the technical analysis ,...