Brief but efficient explanation on why Bitcoin will recover. Date of recovery mentioned below!
-First bullish week last week after 2 weeks of bleeding. Does not provide solid poof that price will reverse, but gives insight that investor confidence is slowly but consistently increasing.
- Daily MACD indicator has crossed over yesterday. Bullish insight!
- With both of these bullish indicators including many others, we are still in the UNDERSOLD zone on the RSI indicator, which is used to measure if an asset is over sold or overbought. Can give insight on bullish sentiment.
This recovery will take more time, nobody knows how low we will move, how much we will stagnate at these low levels. NOBODY is sure.
I personally eblieve that the bull run is not over and will continue till December of 2021 before going into a bear run. The same cycle has been happening for 10 years since BTC's creation. we have previously seen -80% in BTC price. We have always recovered, and WE always will!
Do not sell, When in doubt, zoom out!
Crypto prices are at a discount right now, and in 1 month, 10 months, 1 year, 10 years, you will regret not buying crypto or HODLing.
THIS IS THE FUTURE!
( with recent inflation speculations in the USA, we could se a weakening in the power of the USD, which btw increases price of BTC ;) )
Good luck and good trading!
LIKE and FOLLOW for more!
-First bullish week last week after 2 weeks of bleeding. Does not provide solid poof that price will reverse, but gives insight that investor confidence is slowly but consistently increasing.
- Daily MACD indicator has crossed over yesterday. Bullish insight!
- With both of these bullish indicators including many others, we are still in the UNDERSOLD zone on the RSI indicator, which is used to measure if an asset is over sold or overbought. Can give insight on bullish sentiment.
This recovery will take more time, nobody knows how low we will move, how much we will stagnate at these low levels. NOBODY is sure.
I personally eblieve that the bull run is not over and will continue till December of 2021 before going into a bear run. The same cycle has been happening for 10 years since BTC's creation. we have previously seen -80% in BTC price. We have always recovered, and WE always will!
Do not sell, When in doubt, zoom out!
Crypto prices are at a discount right now, and in 1 month, 10 months, 1 year, 10 years, you will regret not buying crypto or HODLing.
THIS IS THE FUTURE!
( with recent inflation speculations in the USA, we could se a weakening in the power of the USD, which btw increases price of BTC ;) )
Good luck and good trading!
LIKE and FOLLOW for more!