I don't like being bearish, but I am seeing a slowing down of the hyperbolic growth we have seen in bitcoin
It might just be taking a pause like the NASDAQ or could represent investors being cautious.
If it can break the upper line at 63,500 we should see continual growth
If not I suspect it to stay within the slow declining channel until it finds a lower support level
It might just be taking a pause like the NASDAQ or could represent investors being cautious.
If it can break the upper line at 63,500 we should see continual growth
If not I suspect it to stay within the slow declining channel until it finds a lower support level
Comment:
It's unfortunate Bitcoin is crashing. My chart predicted a slow decline over many months, but it appears investors are panicking and selling at a much quicker rate. I am trying to determine the floor/support level. The only other frame of reference I can find is the slow growth channel that was established in 2019 to December 2020.
