ðĨ Bitcoin Has Potentially Bottomed: 5-Year Support Held!
Over the course of the last couple of years, BTC has been trading above the dotted support line. Furthermore, it has bounced off said trend line every time it touched it.
So has BTC bottomed? Maybe. It's fair to look at the trend line and assume that the bottom is in, but the overall market conditions have still not improved. Personally I think that BTC has not yet bottomed and we're going to see new lows in the near future, same goes for stocks.
Nevertheless, it's an interesting trend line which has proven to off strong support in the past. Future will tell!
Do you think BTC has bottomed? Share your thoughts in the commentsð
So has BTC bottomed? Maybe. It's fair to look at the trend line and assume that the bottom is in, but the overall market conditions have still not improved. Personally I think that BTC has not yet bottomed and we're going to see new lows in the near future, same goes for stocks.
Nevertheless, it's an interesting trend line which has proven to off strong support in the past. Future will tell!
Do you think BTC has bottomed? Share your thoughts in the commentsð
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