[BTCUSD W-Chart Study] Long term bear market until depress at 3K
Are you depressed because of Bitcoin's price? No? Then the bear market might not be over yet.
Looking at
BTCUSD
on a weekly chart it looks like BTC still has some ways to go before the next bull run.
Let me know what you think.
NOT FINANCIAL ADVICE. SIMPLY MY OPINION AND ONE OF THE POSSIBLE PATHS BITCOIN CAN TAKE.
- Cryptocamp
Looking at
BTCUSD
on a weekly chart it looks like BTC still has some ways to go before the next bull run. Let me know what you think.
NOT FINANCIAL ADVICE. SIMPLY MY OPINION AND ONE OF THE POSSIBLE PATHS BITCOIN CAN TAKE.
- Cryptocamp
Comment:
And the average production cost of mining 1 BTC in CHINA is 3.1k. Since China controls the biggest part of all mining of BTC I expect this to be the floor for BTC
Comment:
*Not Financial Advice*
Expecting a very quick drop to $9665 to close the CME gap and rekt leveraged longs. After that I expect a very significant spike upwards towards new highs.
*Not Financial Advice*
Expecting a very quick drop to $9665 to close the CME gap and rekt leveraged longs. After that I expect a very significant spike upwards towards new highs.
*Not Financial Advice*