coinables

Bitcoin exiting its bear market

BITSTAMP:BTCUSD   Bitcoin
Typically I am not very big on diagonal trend-lines, but historically each time Bitcoin has broke the larger time-frame downward trend line after a big rally it has marked the end of the bear market. If you look at where we are on the 50 and 200 period moving averages on this 3 day chart you will see we are closer to repeating 2012-13 instead of 2014-15. In 2013 bitcoin went up 10x or 1000% from its summer prices of $100 to $1100 in November. A similar move would give us a $60-$90K bitcoin from current prices.
Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.