ðĨ Bitcoin Bear Market Is OVER: Exploring Another Bullish Case
Recently I've been looking at Bitcoin in a more long-term bullish perspective. Very decent probability that the bottom is either in, or very near. In any case, it's too early to determine whether the bottom is actually in or not, but I still find it interesting to explore different scenarios. Keeping an open mind is always good when looking at long-term price movements.
Bullish / Green:
2015-2017 took 1064 days
2018-2021 took 1064 days
Bearish / Red:
2017-2018 took 364 days
2021-2022 took 364 days
Coincidence? Maybe. In any case it's interesting to see that the market is seemingly following a similar time path. If the market were to follow the same path like in the previous cycle, we can assume that the bottom is indeed in. But again, it's too early to say, especially looking at the current market conditions.
Note: I'm aware that the market made new lows last week by a $100 difference, I'm accepting this 0.64% difference as an error margin.
Do you think this is the bottom? Explain why you (don't) think so belowð.
Below there's another long-term bullish BTC analysis, please take a look.
Bullish / Green:
2015-2017 took 1064 days
2018-2021 took 1064 days
Bearish / Red:
2017-2018 took 364 days
2021-2022 took 364 days
Coincidence? Maybe. In any case it's interesting to see that the market is seemingly following a similar time path. If the market were to follow the same path like in the previous cycle, we can assume that the bottom is indeed in. But again, it's too early to say, especially looking at the current market conditions.
Note: I'm aware that the market made new lows last week by a $100 difference, I'm accepting this 0.64% difference as an error margin.
Do you think this is the bottom? Explain why you (don't) think so belowð.
Below there's another long-term bullish BTC analysis, please take a look.
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â Monster Signals: t.me/monster_cryptosignals
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