Back in 2018 this indicator marked the bottom (light green dot):
This is happening again... in november a downtrend ended, and right now it's neither bullish or bearish. After a downtrend there's usually a range, so I'm expecting a retracement hopefully back to 30k, afterwards comes another trend, and I will bet for another downtrend late 2023 / early 2024, at the end of 2024 a new bullrun may begin.
This is happening again... in november a downtrend ended, and right now it's neither bullish or bearish. After a downtrend there's usually a range, so I'm expecting a retracement hopefully back to 30k, afterwards comes another trend, and I will bet for another downtrend late 2023 / early 2024, at the end of 2024 a new bullrun may begin.
Comment:
With all the information we have now I believe that we reached the end of a corrective period and the price of bitcoin will chop and then keep going down to lower lows... 10k here we go.
Comment:
It's probably safe to say that the lower lows (below 15k) aren't going to happen.