ðĨ Bitcoin's Bottom Likely In: What's Next?
A couple of days ago I made an analysis where I compared the 2019 bear market bottom with the current bottom that has formed over the last few months.
With the massive break out that we've seen over the last few days, it's becoming more and more likely that $15,5k was the actual bottom.
When we look at the previous bear market, we can see that, after forming the bottom, Bitcoin as a bullish period for a couple of months. In my view, it's very plausible that we're going to see further bullishness in the markets over the next 1-3 months.
For reference I've copied the 2019 bull move onto the current market. Unlikely that we'd follow the same pattern, but it can still offer some guidance.
Personally, I'm looking at $30k for the time being.
With the massive break out that we've seen over the last few days, it's becoming more and more likely that $15,5k was the actual bottom.
When we look at the previous bear market, we can see that, after forming the bottom, Bitcoin as a bullish period for a couple of months. In my view, it's very plausible that we're going to see further bullishness in the markets over the next 1-3 months.
For reference I've copied the 2019 bull move onto the current market. Unlikely that we'd follow the same pattern, but it can still offer some guidance.
Personally, I'm looking at $30k for the time being.
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