Andrepaz

BTCUSD - Long Term Bear Trend

Short
BITSTAMP:BTCUSD   Bitcoin
According to the trend presented over the past 3 years, whenever there is an extremely high appreciation (between 300 and 500%), there is a devaluation around 70%.

Therefore, and based exclusively on the technical analysis, it is considered likely that in the next year there will be a depreciation of BTC against the USD and a significant approaching to $13000.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.